UTME 2017 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
The document that explains the types of shares available for sale to the public is
A. an invoice
B. an open indent
C. a closed indent
D. a prospectus
Question 2
After-sales service is a function usually rendered by
A. an entrepreneur
B. an agent
C. wholesale
D. retailers
Question 3
What document is required when a country imposes ad valorem import duties on goods?
A. Consular invoice
B. A bill of lading
C. A shipping note
D. A mail transfer
Question 4
Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to
A. land and water pollution
B. air and water pollution
C. land pollution
D. water pollution
Question 5
One of the functions of a retailer is the
A. breaking of bulk
B. financing of production activities
C. provision of credit facilities to retailers
D. provision of jobs for customers
Question 6
The term Plc implies that the shares are available
A. publicly on the stock exchange
B. publicly in commercial bank
C. privately on the stock exchange
D. to the public at the company
Question 7
The process of dividing tasks into jobs and departments and delegating authority is known as
A. organizing
B. staffing
C. leading
D. directing
Question 8
Which of these is both merit and demerit in partnership?
A. Its unlimited nature
B. The number of partners
C. The withdrawal of a major of partner
D. The bearing of risk
Question 9
A factor necessary for siting of a warehouse is nearness to
A. labour
B. capital
C. consumers
D. raw materials
Question 10
The transmission of telephone services from one country to another is facilitated by
A. international facility
B. communication satellite
C. internet services
D. interconnectivity
Question 11
In which of the following will the number of words used determine the cost of message sent?
A. E-mail
B. Telex
C. Telegram
D. Telephone
Question 12
Pooling of risk in insurance means that
A. two people can pool their risks to be insured
B. compensation are paid out of a common fund
C. insurance companies should encourage taking risks
D. two insurance companies can buy two policies
Question 13
A transporter who had to sell perishable goods without the prior authority of the owner becomes an agent by
A. estoppel
B. conduct
C. necessity
D. ratification
Question 14
A bond which attracts only interest but leaves the capital unpaid is referred to as
A. a redeemable bond
B. an irredeemable bond
C. a long-term loan
D. a development bond
Question 15
Which of the following attracts only interest but leaves the capital unpaid?
A. a redeemable bond
B. a long-term loan
C. a development bond
D. an irredeemable bond

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