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 physical components of a computer system refers to the?
system unit
hardware
software
compact disk
Correct answer is B
Computer hardware is the physical parts or components of a computer, such as the monitor, mouse, keyboard, computer data storage, hard disk drive (HDD), graphic cards, sound cards, memory (RAM), motherboard, and so on, all of which are physical objects that are tangible.
The body charged with the responsibility of regulating foods and drugs in Nigeria is the?
SON
NDLEA
NAFDAC
CAC
Correct answer is A
The Standard Organisation of Nigeria (SON) is the sole statutory body that is vested with the responsibility of standardising and regulating the quality of all products in Nigeria.
One of the obligations of an employer to an employee is to?
indemnify him against liabilities incurred on duty
award scholarship to his children
terminate his appointment without prior notice
indemnity himagainst injuries caused through negligence
Correct answer is A
No explanation has been provided for this answer.
The major parties to an agency relationship are the?
principal and the creditor
bailee and the bailor
principal and the agent
shareholder and the creditor
Correct answer is C
This is a business relationship where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party.
To make a simple contract valid, the intention must be?
legal and written
legal and binding
legal and attractive
legal and harmonious
Correct answer is B
A valid contract is a written or expressed agreement between two parties to provide a product or service. The contact must be legal and binding on the contracting parties for it to be valid