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 most important benefit of insurance is that it provides?
control over activities
the insured with a right to premium
the insured with a right to full compensation
protection against risks
Correct answer is D
No explanation has been provided for this answer.
A floating policy is an example of?
marine insurance
actuaries insurance
motor insurance
fire insurance
Correct answer is B
No explanation has been provided for this answer.
Goods are of merchantable quality if they?
conform to description
are of equal weight
are of the same quality
conform to buyers' purpose
Correct answer is A
No explanation has been provided for this answer.
Discounts offered by firms to middlemen for bulk purchases are?
trade discounts
sales bonanza
cash discounts
seasonal discount
Correct answer is A
No explanation has been provided for this answer.
Manufacturers' Association of Nigeria contributes to development by advising the government on?
industrial policy and harmony
budget and budgetary control
budget and industrial control
environmental protection policy
Correct answer is A
No explanation has been provided for this answer.