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Commerce Past Questions

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4126

Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

  • A. bankruptcy
  • B. breach
  • C. lapse of time
  • D. frustration
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4127

Given:
                                     â‚¦
Sales                          15,000
Opening stock            5,600
Purchases                    9,700
Closing stock               4,400
Gross profit                  4,500
Net profit                      2,000

From the above data, calculate the rate of turnover

  • A. 2.00 times
  • B. 3.50 times
  • C. 2.18 times
  • D. 3.00 times
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4128

From the diagram above, what does I stand for?

  • A. aids to trade
  • B. home trade
  • C. publicity
  • D. advertising
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4129

The agency that currently oversees the privatization and commercialization processes in Nigeria is the

  • A. Nigerian Stock Exchange
  • B. Technical Committee on Privatization and Commercialization
  • C. Securities and exchange commission
  • D. Bureau of public enterprises
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4130

A doctor who attends to patients at home after his official duty is

  • A. a direct and indirect service worker
  • B. a direct service worker
  • C. an indirect service worker
  • D. a community developer
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