Post Utme Unilorin 2017 Commerce Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A company exports goods to a foreign country and is required to comply with the foreign country's customs regulations. Which of the following is a correct statement regarding customs regulations?

Answer Options

A. Customs regulations are only applicable to imports, not exports.
B. Customs regulations are only applicable to goods that are valued at over ₦100,000.
Correct Answer C. Customs regulations are applicable to all goods that are exported or imported, and must be complied with by the company.
D. Customs regulations are only applicable to goods that are exported to countries that are members of the World Trade Organization.
Correct Answer
C
Correct Option:
Customs regulations are applicable to all goods that are exported or imported, and must be complied with by the company.

About This Question

This is Post Utme Unilorin 2017 Commerce Question 22. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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