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.
Farming is an activity that falls under?
tertiary occupation
commercial occupation
extractive occupation
secondary occupation
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an advantage of indigenization ?
Checks exploitation by citizens
Business risks are shared
Fosters self-reliance
Leads to monopoly of power
Correct answer is D
No explanation has been provided for this answer.
The form of trade practiced by the early men was characterized by
exchange of goods for money
efficient distribution system
exchange of goods for goods
organized warehousing
Correct answer is C
No explanation has been provided for this answer.
The West African Clearing House(WACH)was established to
dredge the rivers in West Africa for easy navigation
expand the volume of traffic within member countries
cordinate the efforts to member states to tap their natural resources
promote the use of currencies of all members for inter regional trade
Correct answer is D
One of the major aims for the establishment of the West African Clearing House is to promote the use of members' currencies for sub-regional trade and other transactions, bringing about savings in the use of members' foreign reserves.
Which of the following interest holders are settled first in case of a company's liquidation
board of directors
debenture holders
ordinary shareholders
preference shareholders
Correct answer is D
No explanation has been provided for this answer.