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.
Which of the following is not a function of commerce?
advertising goods
creation of goods
increasing profit made
distribution of goods
Correct answer is A
No explanation has been provided for this answer.
OAU
ECOWAS
OPEC
LCBC
Correct answer is B
No explanation has been provided for this answer.
The taken over by government of enterprises formerly owned by private person is referred to as?
privatization
nationalization
commercialization
indigenization
Correct answer is B
No explanation has been provided for this answer.
In a law of contract, what is given in exchange for a promise to perform is?
offer
acceptance
consideration
warranty
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not concerned about consumer protection?
Foods and Drugs Act
Trade Descriptions Act
Price control Act
General Agreement on Traiffs and Trade
Correct answer is D
No explanation has been provided for this answer.