Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The law which stipulate that labels should give an accurate account of a product is the?
price control act
consumer credit act
trade description act
hire purchase act
product standard act
Correct answer is C
No explanation has been provided for this answer.
One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?
encourage the use of local raw materials
expel all foreigners from Nigeria
make Nigeria businessmen very rich
maximize local retention of profits
promote foreign trade
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?
Special delivery
Recorded delivery
Registered letters
First class mail
Express letter
Correct answer is B
No explanation has been provided for this answer.
Which of the following is the quickest and accurate means of communication?
Telegram
Express mail
Courier services
Telex
Railex
Correct answer is D
No explanation has been provided for this answer.
Train
Aeroplane
Ship
Lorry
Caravan
Correct answer is A
No explanation has been provided for this answer.