UTME 2019 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A customer with XYZ Plc sent money through his account to his sister's account in another branch. This is an example of
A. e-business
B. e-banking
C. e-commerce
D. e-finance
Question 2
A person who is cheated in a business transaction can seek legal remedy
A. regardless of the form of business organization
B. only if the transaction is documented in a contract
C. even if the agreement is verbal and the amount involved is large
D. only if the business is a sole proprietorship whose owner is known
Question 3
Modern means of payment is greatly facilitated by
A. credit transfer
B. e-banking
C. e-commerce
D. paper money
Question 4
A Digital Versatile Disk is an example of a
A. file transfer protocol
B. computer storage device
C. transmission control protocol
D. microprocessor
Question 5
The mode of transporting crude oil to the ports for export purposes is by
A. road
B. pipeline
C. tanker
D. rail
Question 6
A good financial instrument which serves as a hedge against inflation is
A. a warrant
B. a bond
C. a share
D. an option
Question 7
Motivation is an essential element in management because it
A. helps to eliminate industrial disharmony
B. leads to the improvement of staff welfare
C. encourages individuals to work towards achieving the organization's objectives
D. reduces friction among employees in the process of achieving the organization's objectives
Question 8
An invoice can be described as a
A. document specifying quantity, description, prices and total value of purchases
B. receipt containing necessary information about the goods
C. letter specifying the contractual sales of goods between two parties
D. contractual agreement for the sale of goods
Question 9
Marketing differs from selling in that, the latter only creates
A. place utility
B. possession utility
C. form utility
D. marginal utility
Question 10
The strategy adopted by a firm that ceases to operate one or more locations because of inactivity is
A. focus
B. diversification
C. rejuvenation
D. consolidation
Question 11
A written partnership contract is known as
A. a deed
B. an invoice
C. a proposal
D. a prospectus
Question 12
The use of computers in modern banking industry is a reflection of
A. technological development
B. economic development
C. competitive development
D. scientific development
Question 13
The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
A. unity of command
B. scalar chain
C. span of control
D. unity of direction
Question 14
The provision of quality and safe products which guarantee the health of consumers is an example of
A. civic responsibility
B. social responsibility
C. quality control
D. price control
Question 15
The traditional way of paying cooperative dividend is to distribute profit in proportion to members'
A. contributions
B. total savings
C. subscriptions
D. volume of purchases

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Help others prepare! Share this practice hub: