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.

3,081.

The primary motive behind an individual engaging in production is to?

A.

fully engaged all the factors of production

B.

make available goods and services

C.

meets projected profit

D.

meet basic human needs

Correct answer is C

No explanation has been provided for this answer.

3,082.

A common requirement for public and private limited companies in Nigeria is that

A.

a shareholder cannot transfer his shares to someone else without permission from other shareholders

B.

their annual account are made available to the Corporate Affairs Commision

C.

shares can be offered for sale on the stock exchange

D.

shares can be offered for sale through an issuing house

Correct answer is B

No explanation has been provided for this answer.

3,085.

Commerce makes it possible for man to live in a

A.

complex and organized society

B.

society characterized by subsistency

C.

society characterized by dependency

D.

simple and organized society

Correct answer is C

No explanation has been provided for this answer.