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.
The amount of insurance premium to be paid depends on the
supply and demand of a particular company's service
extent of the possible loss and the frequency of the risk
number of insurance companies in a placeamount of profit to be made by the insurer
amount of profit to be made by the insurer
Correct answer is C
No explanation has been provided for this answer.
One of the objectives of ECOWAS is to
promote indigenization policy
ensure that quality goods are produced
promote trade within the region
discourage foreign investors
Correct answer is C
The major objective of ECOWAS is to promote cooperation and integration by establishing an economic union in West Africa in order to raise the living standards of its peoples, and to maintain and enhance economic stability, foster relations among member states, and contribute to the progress and development of the African continent.
Which of the following is an objective of indigenization policy? To
prevent all foreign interference in business
encourage local participation in business
prevent smuggling
encourage more production
Correct answer is D
No explanation has been provided for this answer.
Abuse and monopoly of power by industrialists could lead to
privatization
commercialization
nationalization
indigenization
Correct answer is C
No explanation has been provided for this answer.
default
breach
frustration
performance
Correct answer is A
No explanation has been provided for this answer.