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.

3,181.

Transport, retailing and wholesaling industries rely heavily on

A.

banking

B.

insurance

C.

manufacturing

D.

railway

Correct answer is C

No explanation has been provided for this answer.

3,182.

A royal charter was granted to the Royal Niger Company to do business in Nigeria in

A.

December 1888

B.

May 1887

C.

July 1886

D.

August 1885

Correct answer is C

No explanation has been provided for this answer.

3,183.

Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking

A.

I and II

B.

I and III

C.

I, II and IV

D.

II, III and IV

Correct answer is C

No explanation has been provided for this answer.

3,184.

The secretariat of the Niger Basin Commission is located at

A.

Ouagadougou, Burkina Faso

B.

Abuja, Nigeria

C.

Niamey, Niger

D.

Bamako, Mali

Correct answer is C

No explanation has been provided for this answer.

3,185.

A firm's organizational structure would change if

A.

one of the major partner dies

B.

there is excessive competition

C.

there is seasonal variation in demand

D.

the scope of business operation changes

Correct answer is D

No explanation has been provided for this answer.