SS2: COMMERCE – 2ND TERM
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Marine Insurance | Week 13 Topics
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Non-insurable Risks | Week 24 Topics
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Banking – Central Bank of Nigeria | Week 33 Topics|2 Quizzes
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Types of Account | Week 44 Topics|2 Quizzes
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Warehousing | Week 51 Topic|1 Quiz
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Capital | Week 62 Topics|1 Quiz
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Credit | Week 73 Topics|3 Quizzes
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Profit | Week 82 Topics
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Turnover | Week 93 Topics|2 Quizzes
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Business Law | Week 108 Topics
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Question 1 of 10
1. Question
A credit note is used to
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Question 2 of 10
2. Question
A system where the owner of capital intensive asset or goods agrees to give the right of possession of his property to another person or company at a periodic payment for a number of years is called
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Question 3 of 10
3. Question
A system whereby a firm purchases the trade debt of another firm at a lower amount than the actual sum is ______
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Question 4 of 10
4. Question
In a credit sale where the buyer is given the right of ownership before the complete payment of the goods, it is called
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Question 5 of 10
5. Question
Short term loan to expand a business is provided by
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Question 6 of 10
6. Question
The arrangement in which the hirer takes possession of the goods after an initial deposit and pays the balance on installmental basis is _________
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Question 7 of 10
7. Question
The buying of trade debts by banks from businessmen, at an amount lower than the original value is
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Question 8 of 10
8. Question
The following factors are to be considered before granting a credit except
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Question 9 of 10
9. Question
Which of the following is not suitable for hire purchase?
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Question 10 of 10
10. Question
Which of these is a function of credit facilities to a retailer?
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