Ordinary level 2025 South West regional mock commerce 1
Ordinary level 2025 South West regional mock commerce 1
Quality control is the function of which department of
an enterprise?
A Purchases department
B Stores department
C Production department
D D Stock control department
between the
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30. A wholesaler that deals in a single line of goods is;
A Comprehensive wholesaler
Specialist wholesaler
C Cash and carry wholesaler
D General wholesaler
3\. The following are the reasons for advertising except;
A Persuade
B Educate
C Grades
D Remind
23. A render who receives a trade discount of 33.3% on
goods worth 36,000 FRS will pay,
A 24,000trs
B 22,600frs
C 2l,600frs
| D U,988frs 24. Surrender value is applicable to; A Marine insurance |
i 1 ii |
| B Fire insurance | |
| C Life insurance | |
| D Accident |
32. The resource that earns interest is;
A Natural resource
B Man–made resource
C Managerial resource
D Human resource
33. Investors who are paid first when a company is
liquidated are;
| A | Ordinary shareholders |
| B | Debenture holders |
| C | Preference shareholders |
| D | Cumulative preference shareholders |
| 34. Circulating capital is also known as; | |
| A | Floating capital |
| B | Capital employed |
| C | Sunk capital |
21 CoTtnl asset – current liability =
A Capital owned
B Capital employed
C Circulating capital
D Working capital
D Liquid capital
IJ, The policy which limits the quantity of goods to be
LTj‘crted is;
A Ban
B Quarter
C Embargo
D Quota
i 35. The business unit issued a prospectus to raise capital is
called;
A Pubic corporation
Private limited company
C Parastatals
D Public limited company
X
B
J
T* Que&hi 27 and 28 are based on Lady H’s trading
6CCOLT!presented in the table below
Items
| Opex&sg stock | 5,000 |
| stock Overbad expenses –r =r~ ‘iht cost cf goods sold |
2,000 3,000 |
| 12,000 | |
| 24,000 |
A 10/jOOfrs
b !S,CO0frs
C 7jOOOth
O IT.OOOtrs
36. The transport mode with a high degree of flexibility isFCFA (000) A Air
| B | Rail |
| C | Sea |
| D | Road |
| 37. The transfer of some risk to insurance is; | |
| A | Contribution |
| B | Surrender value |
C Re–insurance
D Insurable interest
38. Wooden platform on which goods arc packed to reduce
pilfering during loading and off–loading are called;
A Containers
B Fork lift
C Pallets
D Cranes
