Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.
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Question 131: Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?
Options:
A) indemnity
B) surrender value
C) lump sum benefit
D) insurance premium
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The correct answer is C .
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Question 132:
The process of eliminating a virus from computer is the
Options:
A) programming
B) formatting
C) looping
D) debugging
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The correct answer is D .
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Question 133: When two or more companies agree to execute a project too large for one to handle, this is referred to as?
Options:
A) an amalgamation
B) a cartel
C) a merger
D) a consortium
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The correct answer is D .
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Question 134: A machine which enable s sales without the physical presence of a sales attendant is a
Options:
A) computer machine
B) vending machine
C) telex machine
D) fax machine
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The correct answer is B .
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Question 135: An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a
Options:
A) cartel
B) syndicate
C) Chamber of Commerce
D) Nigeria Bar Association
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The correct answer is C .
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Question 136:
The business unit that applies the principle of one man vote is
Options:
A) public company
B) partnership
C) co-operative society
D) sole properitorship
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The correct answer is C .
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Question 137:
A printer that burns the print image into the photosensitive drum is called?
Options:
A) dot matrix printer
B) laser printer
C) daisy wheel printer
D) thermal printer
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The correct answer is B .
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Question 138:
Goods and services are made available to consumers through
Options:
A) The advertising agency
B) Sales promotion
C) The channel of distribution
D) The middle men
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The correct answer is C .
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Question 139: The document submitted to the customs authority when full description of imported goods is not provided is
Options:
A) a bill of sight
B) an invoice
C) an indent
D) a bill of entry
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The correct answer is C .
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Question 140: One of the functions of a retailer is the?
Options:
A) financing of production activities
B) provision of credit facilities to relations
C) provision of jobs for customers
D) breaking of bulk
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The correct answer is D .