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Commerce Past Questions

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2951
The term “caveat emptor” implies that
  • A. credit is not allowed
  • B. goods are still with the seller
  • C. goods have been transferred to the buyer
  • D. let the buyer beware
  • E. let the seller beware
View Answer & Discuss NECO 2005
2952
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
  • A. Limited
  • B. nominal
  • C. ordinary
  • D. special
  • E. unlimited
View Answer & Discuss (1) NECO 2005
2953
Which of the following groupings is a means of payments through the post office
  • A. Bank draft, Certified cheque, Money order and Stamps
  • B. Cheque, Postal order, Money order and Bank draft
  • C. Money order, Certified cheques, Telegraphic Money order and Stamps
  • D. Postal order, Money order, Telegraphic Money order and Stamps
  • E. Telegraphic Money order, Cheques, Bank draft and Certified cheques
View Answer & Discuss NECO 2005
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2954
Which type of advertisement induces consumer to purchase the goods he does not need?
  • A. Competitive
  • B. Descriptive
  • C. Informative
  • D. Persuasive
  • E. Specific
View Answer & Discuss NECO 2005
2955
The document which gives complete information about the goods sold is the
  • A. bill of exchange
  • B. delivery note
  • C. invoice
  • D. order form
  • E. quotation
View Answer & Discuss NECO 2005
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