COMMERCE QUIZ

COMMERCE QUIZ

11th - 12th Grade

70 Qs

quiz-placeholder

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COMMERCE QUIZ

COMMERCE QUIZ

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Hard

Created by

Babatunde folorunso

Used 6+ times

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70 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The restriction to higher levels of the management hierarchy is what?

Decentralization
Centralization
Span of control
Delegation of authority

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of Non-negotiable instrument?

Promissory notes
Bill of Lading
Dividend warrants
Bill of exchange

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A cheque which is drawn now but bear a future date and it can only be presented for payment on the date written on them?

Stale cheque
Inchoate bill
Certified cheque
None of the above

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The downward and upward movement of information within an organization is refer to as _____?

Vertical communication flow
Horizontal communication flow
External communication flow
All of the above

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

_______ is the starting point or the last station at the end of a railway line.

Freight
Terminus
Haulage
Demurrage

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not a feature of central bank?

It is not a set up to make profit.
It is incorporated.
It is established and owned by the government.
There is only one central bank in a country.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not a function of the mortgage banks?

It encourages savings towards house ownership
Lending money to developers for the construction of estates.
Granting of long-term loans for the construction of residential houses.
Preventing the landlord from acquiring certificate of occupancy

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