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COMMERCE POST UTME

(APP) COMMERCE POST UTME 1

(APP) COMMERCE POST UTME

COMMERCE POST UTME

Practice with our Post UTME CBT for Universities, Polytechnics, College of Agriculture, College of
Medicine, College of Technology and College of Education and pass your examination.

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Category: COMMERCE POST UTME

The overriding objective of the Food and Drug Act in Nigeria is to prevent the

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Category: COMMERCE POST UTME

The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

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Category: COMMERCE POST UTME

For the establishment of a powerful consumers’ association in Nigeria to exist, there must be

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Category: COMMERCE POST UTME

The ECOBANK is the initiative of

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Category: COMMERCE POST UTME

Motivation is an essential element in management because it

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Category: COMMERCE POST UTME

The least of the advantages of indigenization is that

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Category: COMMERCE POST UTME

A demonstration of social responsibility by a business is the payment of

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Category: COMMERCE POST UTME

The ordinary shareholders enjoy the following rights EXCEPT the right to

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Category: COMMERCE POST UTME

Under normal circumstances, a business enterprise can be ideally structured

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Category: COMMERCE POST UTME

The difference between the total payments for imports and the receipts from exports within a given period is referred to as

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Category: COMMERCE POST UTME

Which of the following makes other functions of business its appendages?

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Category: COMMERCE POST UTME

What of the above are requirements for admission into the second-tier securities market?

I. Companies must be registered as private limited liability companies.

II. Companies must have not less than 100 shareholders.

III. No shareholder may have more than 75% of issued share capital.

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Category: COMMERCE POST UTME

A company earned a total revenue of =N=108 million with a total cost of =N=91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.

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Category: COMMERCE POST UTME

The most important piece of legislation governing business and commercial activities in Nigeria currently is the

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Category: COMMERCE POST UTME

A major liability of a commercial bank arises from

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Category: COMMERCE POST UTME

The breaking down of a market into separate and identifiable elements each with its own special product requirements is known as market

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Category: COMMERCE POST UTME

The nominal value of a share as specified in the Memorandum of Association and the share certificate is the

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Category: COMMERCE POST UTME

RRF as a scheme introduced by the Central Bank of Nigeria means

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Category: COMMERCE POST UTME

The body that organizes, promotes and participates in local and foreign trade fairs is the

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Category: COMMERCE POST UTME

Which of the following gives the correct order in which the listed documents are used?

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Category: COMMERCE POST UTME

Commerce makes it possible for man to live in a …

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Category: COMMERCE POST UTME

One of the criteria for differentiating consumer markets from industrial ones is the

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Category: COMMERCE POST UTME

The existing system of governance and the administrative sub-divisions of a country which described as

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Category: COMMERCE POST UTME

The merger of two companies producing the same type of products is an example of

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Category: COMMERCE POST UTME

An underlying principle in the marketing of goods is that firms should

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Category: COMMERCE POST UTME

In the case of a voluntary liquidation of a business, the receiver is appointed by the

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Category: COMMERCE POST UTME

The activities of consumers association in Nigeria have not been effective because

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Category: COMMERCE POST UTME

A term which indicates that a share is temporarily suspended is

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Category: COMMERCE POST UTME

The production process that combines two or more raw materials into one end product is

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Category: COMMERCE POST UTME

A public limited company can raise long-term loans through

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Category: COMMERCE POST UTME

Sole enterprise may flourish best in

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Category: COMMERCE POST UTME

Which of the following statements is TRUE about sea transport?

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Which of these sets of external environmental factors affect a business operation?

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Category: COMMERCE POST UTME

The assets, liabilities and general management of a distressed bank may be taken over by

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Category: COMMERCE POST UTME

If a firm’s turnover is =N=15,000 and the cost of goods sold is =N= 10,000, what is the percentage of gross profit on sales?

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Category: COMMERCE POST UTME

An example of a consumer protection agency is the

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Category: COMMERCE POST UTME

Which of the following takes place when firms producing at different stages in the same industry combine?

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Category: COMMERCE POST UTME

The existing system of governance and the administrative sub-divisions of a country which described as

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Category: COMMERCE POST UTME

Which of the following is the most important business resource?

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Category: COMMERCE POST UTME

The main function of thrift, credit and loans co-operative societies is to

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Category: COMMERCE POST UTME

A distinguishing characteristic of a limited liability company is that is

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Category: COMMERCE POST UTME

Management is described as

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Category: COMMERCE POST UTME

What are the factors with which commercial undertakings can be distinguished?

I           Size of the undertakings

II          Profits generated

III        forms of ownership

IV        Location of the undertakings

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Category: COMMERCE POST UTME

Goods discharged from ships on which import duties have not been paid are kept in the

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Category: COMMERCE POST UTME

NACCIMA stands for

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Shares can be forfeited for

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Category: COMMERCE POST UTME

The use of computers in modern banking industry is a reflection of

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The business organization in which shareholders have equal votes is

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Category: COMMERCE POST UTME

When an industry or company is nationalized, the state becomes

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Category: COMMERCE POST UTME

Freight note is a document

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