Precious secondary school, aramoko ekiti
PRECIOUS SECONDARY SCHOOL, ARAMOKO-EKITI
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| PRECIOUS SECONDARY SCHOOL, ARAMOKO-EKITI
PROMOTION EXAMINATION FOR 2016/2017 ACADEMIC SECTION SUBJECT: COMMERCE CLASS: SSS ONE DURATION: 1hour INSTRUCTION: Answer all questions. The termination of life of the partnership is called ____________ (a) admission of partnership (b) dissolution of partnership (c) receiving of partnership A trading organization which various members pool their resource with a view to rending service to members is known as (a) partnership (b) sole-proprietorship (c) cooperative society. How many kinds of partners do we have? (a) two (b) one (c) six An organization that provide arrangement and facilities for buying and selling of tradable commodities is known as (a) commodities balance (b) market exchange (c) commodities exchange. The act of buying and selling is (a) market (b) business center (c) trade. Types of trade are _____ and _____ (a) local and union (b) home and foreign (c) international and urban. A retail outlet with several shop under the same roof is called (a) variety chain shop (b) department store (c) super market. Trader who display their goods in stall is called (a) hawker (b) stall holder (c) unit shop. Trader that carry their wares from place to place in search of customer are (a) mobile shop (b) hawker (c) market trader. The last distribution is _______ (a) agent (b) consumer (c) retailer. International is known as _____(a) export trade (b) foreign trade (c) home trade. The reward for entrepreneur is (a) profit (b) interest (c) rent. The act of creating value, utility or want is (a) production (b) transportation (c) warehousing. ______ is the act of creating the awareness of the public to an existing product is (a) advertising (b) communication (c) transportation. The concentration of all factors of production on certain line of production is (a) specialization (b) commercialization (c) concentration. Which of the following is the meaning of (c.o.d) (a) cost on board (b) cash of disc (c) cash on delivery. A business organization established and owned by one person is known as (a) partnership (b) cooperative (c) sole-proprietorship. Which of the following is generally accepted as a medium of exchange for making payment? (a) paper (b) labour (c) money. Which of the following is not in a partnership deed? (a) name of partner (b) nature of the business formed (c) aguement amend member. The following include types of money except (a) paper money (b) coins (c) stone SECTION B Explain the following terms Download 70.95 Kb. Share with your friends:
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