Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

2,021.

The organization that aims at protecting the business interest of a particular area is the?

A.

Trade Asociation

B.

Manufacturing Association of Nigeria

C.

Chamber of Commerce

D.

Confederation of industrialists

E.

Trade Union

Correct answer is A

No explanation has been provided for this answer.

2,022.

Air transport is considerable importance today because it?

A.

is faster than other means of transport

B.

can deliver goods to owner's destination

C.

is relatively cheaper

D.

can carry bulky goods

E.

travels on schedule

Correct answer is A

No explanation has been provided for this answer.

2,023.

A company that acquires a majority of the shares of the other companies with voting rights is regarded as?

A.

a consortium

B.

a holding company

C.

an amalgamator

D.

a subsidiary comapany

E.

cartel

Correct answer is B

No explanation has been provided for this answer.

2,024.

Speed is an important consideration for the choice of a means of transport where goods are?

A.

bulky

B.

inferior

C.

fragile

D.

perishable

E.

durable

Correct answer is D

No explanation has been provided for this answer.

2,025.

The main advantage of water transport is that it?

A.

is safe

B.

is slow

C.

can carry heavy goods

D.

can go long distances

E.

is owned by private firms

Correct answer is C

No explanation has been provided for this answer.