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.
An example of service rendering trade association is
Association of Nigerian Miners
Cocoa Farmers’ Association
Manufacturers Association of Nigeria
Nigerian Bar Association
Saw millers Association of Nigeria
Correct answer is D
No explanation has been provided for this answer.
The losses incurred in the running of Public Corporations are borne by the
board of directors
debenture holders
managing director
shareholders
tax payers
Correct answer is E
No explanation has been provided for this answer.
A disadvantage of commercialization of public enterprises in Nigeria is that it
creates room for competition with private owned enterprises
enables consumers have value for their money
generates funds for government
leads to reduction in work force
promotes efficiency
Correct answer is D
No explanation has been provided for this answer.
Which of the following relies on subvention as the main source of capital?
Cooperative society
Partnership
Public corporation
Public limited company
Sole trader
Correct answer is C
No explanation has been provided for this answer.
Indemnity
insurable
proximate cause
subrogation
utmost good faith
Correct answer is C
No explanation has been provided for this answer.