commerce yr11

Communication is relevant to  business activities because it 

• creates wealth for people

• reduces the cost and risk of  travelling

• connects people

• enhances delivery of goods and  services

If the rate of turnover of a  company in 1999 was 4 times  while the average stock was  ₦49,600, determine the turnover. 

• ₦199,400

• ₦198,400

• ₦100,200

• ₦99,200

Dealing in quoted securities  on the Nigerian Stock Exchange is  restricted to authorized 

• companies

• brokers

• investors

• principals.

Good and services are made  available to consumers through 

• the channel of distribution

• sales promotion

• the advertising agency

• the middle men

The most reliable and efficient  means of conveying urgent  documents is through 

• postal order

• ordinary letters

• registered letters

• courier services

The rate of turnover of a firm  in a given year is 5 times while  the average stock is ₦12,500.  What is the turnover of the firm?

• ₦24,000

• ₦46,500

• ₦62,500

• ₦65,000

An  agent who transacts  business with the broker in the  stock exchange is a 

• stag

• bull

• del credere

• Jobber

Given: ₦ Sales 15,000  Opening stock 5,600  Purchases 9,700  Closing stock 4,400  Gross profit 4,500 

Net profit 2,000 

From the above data, calculate  the rate of turn over 

• 2.18 times

• 3.50 times

• 3.00 times

• 2.00 times   

Given: ₦ Opening stock 40,000  Purchases 115,000  Closing stock 60,000  Sales 250,000 

What is the cost of goods sold? 

• ₦50,000

• ₦30,000

• ₦95,000

• ₦155,000

Non-insurable risks include 

• death

• marine problems

• damage to property

• gambling