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Commerce Past Questions

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4131

Given:
                                     ₦
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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4132

From the diagram above, what does I stand for?

  • A. aids to trade
  • B. home trade
  • C. publicity
  • D. advertising
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4133

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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4134

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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4135

The process of dividing tasks into jobs and departments and delegating authority is known as

  • A. directing
  • B. leading
  • C. organizing
  • D. staffing
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