Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,396.

Which of the following makes it possible for people to collect their letters at their convenient time ?

A.

Franking

B.

Record Delivery

C.

Post Office Box

D.

Business Reply Service

E.

Telex service

Correct answer is C

No explanation has been provided for this answer.

1,397.

The document stating the particular country from which goods are imported is called

A.

certificate of origin

B.

export invoice

C.

consular invoice

D.

export licence

E.

letter of hypothecation

Correct answer is A

No explanation has been provided for this answer.

1,398.

Which of the following is responsible for the maintenance of the quality of goods produced

A.

Customs and Exercise Department

B.

Sanitary Inspectors

C.

Standards Organization of Nigeria

D.

Federal Environmental Protection Agency

E.

Manufacturers Association of Nigeria

Correct answer is C

No explanation has been provided for this answer.

1,399.

A design which distinguishes the goods of one producer from those of others is called

A.

patent-right

B.

copyright

C.

trade mark

D.

licence

E.

franchise

Correct answer is C

No explanation has been provided for this answer.

1,400.

The law stipulating that labels should contain full details about a product is known as the

A.

Hire-purchase Act

B.

Price Control Act

C.

Standards Organisation of Nigeria Act

D.

Trade description Act

E.

Sale of Goods Act

Correct answer is D

No explanation has been provided for this answer.