Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Main frame Computer
Digital Computer
Analogue Computer
Hybrid Computer
Correct answer is A
Mainframe computer is the largest compute which his all the features stated above.
The application of division of labour would generally bring about
Increase in quantity of goods and services
Increase in variety of goods and services
Cheapness of goods and services
Cost efficiency in the production of goods and series.
Correct answer is A
Division of labour ensure that there more hands involved in the production of a particular, commodity
A market where new shares are traded is known as
Primary Market
Stock Exchange
Secondary Market
Money Market
Correct answer is A
The primary market provide avenue where companies and organization can issue new securities in order to raise fund.
Citizens are against privatization mainly because of
Ineffective Management
The likely hood of monopoly
Increased price of good and services
The ration dilation of organizations.
Correct answer is C
privatization of government owned companies will bring about increase in prices of goods and services nd this situation will definitely not make the citizens to be happy with the issue of privatization and as such they will be against it
The agency in Nigeria which ensure that products conform to government quality specification is the
Nigerian consumers’ association
Manufacturers' Association of Nigeria
Standard Organization of Nigeria
Nigerian Chamber of commerce
Correct answer is C
The standard organization of Nigeria is the organization saddled with the responsibility of ensuring that goods or products conform to government quality specification