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 major responsibility of an entrepreneur is?
Employing all factors of production in the business
coordinating and determining the proportion of what to produce
planning and organizing all activities in the business
directing and controlling all the affairs of the business
Correct answer is A
No explanation has been provided for this answer.
Secondary production has to do with changing the?
shape of raw materials through construction operations
physical form of raw materials into finished goods
utility of raw materials by an engineering process
nature of raw materials through manufacturing processes
Correct answer is B
No explanation has been provided for this answer.
The most important factor that delayed the development of commerce in Nigeria was?
the inefficient means of communication
that there were few entrepreneurs
that there were few developed markets
secondary production has to do with changing the?
Correct answer is C
No explanation has been provided for this answer.
One of the main obstacles of establishing the Niger River Basin Commission was to?
embark on a comprehensive survey of the available water resources
carry research for the development of fresh water fisheries
develop infrastructure to facilitate economic activities
promotes trade among member-state to improve standards of living
Correct answer is C
No explanation has been provided for this answer.
One of the obstacles to achieving the objectives of ECOWAS is?
lack of a common currency
colonial linkages
sovereignty of states
language differences
Correct answer is D
No explanation has been provided for this answer.