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Commerce is an organized system for the exchange of goods between buyers and sellers. Commerce students study of the process and activity of buying and selling goods and services, especially on a large scale.
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An unconditional order by a creditor to a debtor requiring payment on a specified date is called
A) promissory note
B) letter of credit
C) money order
D) bill of exchange
The effective dissemination of information about products is a social responsibility of a company to its
The trade that takes place when imported goods are re-exported is known as
A) entrepot trade
B) import trade
C) export trade
D) visible trade
Commerce aids the development of any economy as it
A) provides for proper accountability
B) improves the living standard
C) enhances the even distribution of wealth
D) encourages the reduction of inflation
A) Aids to trade
C) Home trade
A core investor in the current phase of privatization in Nigeria is one who?
A) can afford to buy most of the shares of the enterprises
B) will be at the core of the enterprises
C) can mobilize foreign currency equivalent to the value of the enterprises
D) has the technical know-how of the enterprises
The agency in Nigeria which ensures that products conform to government quality specifications is the?
A) Standards Organization of Nigeria
B) Nigerian Consumers’ Association
C) Manufacturers’ Association of Nigeria
D) Nigerian Chamber of commerce
Awarding scholarships and sponsoring sports by a business organization are example of?
A) advertising strategy
B) economic responsibility
C) marketing strategy
D) social responsibility
The commercialization of public enterprises is aimed at
A) increasing efficiency and making the enterprises self-sufficient
B) advertising and promoting the goods and services of the enterprises
C) increased assistance and patronage of the enterprises by the public
D) selling the goods and services of the enterprises
An author’s exclusive right to his published and unpublished works is known as?
A) authors right
B) constitution right
C) patent right