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.

3,041.

Which of these sets of external environmental factors affects a business operation?

A.

Competition, industry operation

B.

Competition, labour and political

C.

Political, cultural and labour

D.

Economic, social and legal

Correct answer is D

No explanation has been provided for this answer.

3,042.

The main thrust of government policy of evolving good business environment in Nigeria is the need

A.

to attract local and foreign investors

B.

for more export commodities

C.

for consumer oriented products

D.

to have viable local markets

Correct answer is A

No explanation has been provided for this answer.

3,043.

Under what management function would the motivation employees fall?

A.

Staffing

B.

Controlling

C.

Organizing

D.

Directing

Correct answer is A

No explanation has been provided for this answer.

3,044.

(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?

A.

i and ii

B.

ii and iii

C.

i and iv

D.

ii and iv

Correct answer is B

No explanation has been provided for this answer.

3,045.

The line function in a typical manufacturing enterprise is normally performed by the

A.

public relations department

B.

estate or properties department

C.

marketing department

D.

legal department

Correct answer is C

No explanation has been provided for this answer.