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 body that organizes, promotes and participates in local and foreign trade fairs is the
Ministry of Commerce and Tourism
Ministry of finance
Chambers of Commerce
Export Promotion Council
Correct answer is C
No explanation has been provided for this answer.
An example of a consumer protection agency is the?
Nigeria Bar association
Nigeria Medical Association
Ferderal Environmental Protection Agency
Manufacturers Association of Nigeria
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a disadvantage of nationalization
It promotes poor economic planning
The cost of services is not determined by by market forces
It may lead to rationalization of resources
The development of local skills and technologyis retarded
Correct answer is D
No explanation has been provided for this answer.
The most essential element of a product is the
price
utility
design
colour
Correct answer is B
No explanation has been provided for this answer.
A person who is cheated in business transaction can seek legal remedy
even if the agreement is verbal and the amount involved is large
only if the business is a sole proprietorship whose owner is known
regardless of the form of business organization
only if the transaction is documented in a contract
Correct answer is D
No explanation has been provided for this answer.