Jamb Commerce CBT Quiz /10 1 Time is up! You need to think and answer fast!! Commerce Quiz This Quiz will increase your knowledge in Commerce. 1 / 10 One aim of a trade association is to liaise with other trade associations in other countries promote commercial activities in their business provide quality goods and services organize trade fair and exhibitions 2 / 10 The problem of double coincidence of wants is that one has to find someone who wants his surplus and also has what he wants it is hard to determine the exchange rate for goods it does not encourage the purchase of large quantities and varieties deferred payment is not possible because goods exchanged are not durable 3 / 10 One of the major determinants of the volume of production is Government policy Sex distribution The market size The availability of banks 4 / 10 The XYZ bank of Commerce PLC is the drawee payee drawer endorser 5 / 10 which of the following business units could be commercialized? public corporation Sole proprietorship private company cooperative society 6 / 10 A cheque for which payment is refused due to insufficient fund is dishonoured cheque bearer cheque stale cheque Crossed cheque 7 / 10 A diagram showing the positions of the structure of a company is vertical integration organisational chart flow chart span of control 8 / 10 The type of business where management is separated from ownership is referred to as sole proprietorship cooperative society public company partnership 9 / 10 A risk whose profitability of occurrence is impossible to estimate is pure risk insurable risk particular risk uninsurable risk 10 / 10 A means of payment through the post office is standing order credit card debit card money order Your score is Restart quiz CHANGE SUBJECT
