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Commerce Past Questions

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951
an association formed by Tyre manufacturers to safeguard and promote their interests is known as
  • A. co-operative society
  • B. chamber of commerce
  • C. trade union
  • D. consortium
  • E. trade association
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952
the reward of capital is?
  • A. dividend
  • B. interest
  • C. profit
  • D. rent
  • E. rebate
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953
to inform the buyer that the goods are in transit,the seller sends him?
  • A. a quotation
  • B. an invoice
  • C. a debit note
  • D. an advice note
  • E. a credit note
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954
the main source of income for a limited liability company is?
  • A. bank overdraft
  • B. government subsidy
  • C. undistributed profit
  • D. bank loan
  • E. share subscrptions
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955
the authorised capital of a company is also referred to as it's?
  • A. called-up capital
  • B. issued capital
  • C. subscribed capital
  • D. nominal capital
  • E. unissued capital
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts