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.

2,861.

The evolution of commerce in Nigeria is traceable to the?

A.

period of barter economy as human needs became limitless

B.

desire by human beings to satify their needs through the services of other people inthe society

C.

development of human civlizations and the desire to meet their needs

D.

primitive stage of existence of human beings

Correct answer is B

No explanation has been provided for this answer.

2,862.

The location of a business is mostly influenced by?

A.

market outlet

B.

management decision

C.

capital

D.

environment

Correct answer is D

No explanation has been provided for this answer.

2,863.

Which oft these factors of production is relatively fixed in supply?

A.

Capital

B.

Enterpreneuer

C.

Human resources

D.

Natural resources

Correct answer is D

No explanation has been provided for this answer.

2,864.

The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?

A.

joint venture

B.

cooperative society

C.

partnership

D.

company

Correct answer is A

No explanation has been provided for this answer.

2,865.

In the event of the liquidation of a company, the first to be settled are?

A.

debenture holders

B.

members of the board

C.

preference shareholders

D.

ordinary shareholders

Correct answer is A

No explanation has been provided for this answer.