Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following regulates and controls the activities in the Nigeria Stock Exchange
SEC
CBN
BPE
NDIC
Correct answer is A
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market
The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against insider trading abuses.
Money is generally acceptable for transaction due to
The rule of the law
Its acceptability in the global market
The legal backing
The central bank’s Governor’s signature
Correct answer is C
Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation
Seize another gown from Chinyere’s shop
Regard the contract between them as terminated
Sue Chinyere for specific performance
Sue Chinyere for damages
Correct answer is B
When a breach of contract occurs or is alleged, one or both of the parties may wish to have the contract enforced on its terms, or may try to recover for any financial harm caused by the alleged breach. If a dispute over a contract arises and informal attempts at resolution fail, the most common next step is a lawsuit.
Halimah can regard the contract as being terminated
The above chart represents the
Marketing mix relationship
Product mix relationship
Advertising mix relationship
Promotion mix relationship
Correct answer is A
The marketing mix has been defined as the "set of marketing tools that the firm uses to pursue its organizational goal, there are basically 4 P's of marketing which are Price, Product, Place and Promotion.
Marketing mix is a combination of factors that can be controlled by a company to influence consumers to purchase its products
The maximum number of shareholders in a public liability company is
One hundred
Unlimited
Fifty
Twenty
Correct answer is B
To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013.
members are unlimited