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.

3,216.

The principle of span of control stipulates that

A.

an employee should report to only one superior

B.

manager must demand accountability from their surbordinates

C.

resources have to be economized within the various division

D.

the number of employee reporting to one superior should be kept to workable maximum

Correct answer is D

No explanation has been provided for this answer.

3,217.

The harmonious relationship among the various units in an organization is ensured through

A.

co-ordination

B.

motivation

C.

planning

D.

leadership

Correct answer is D

No explanation has been provided for this answer.

3,218.

which of the following is the most important business resource?

A.

money

B.

management

C.

materials

D.

manpower

Correct answer is D

No explanation has been provided for this answer.

3,219.

For establishment of a powerful consumers' association in Nigeria to exist, there must be

A.

financial and moral support from the public

B.

honest and commited leadership

C.

allocation of goods from the producer

D.

freedom from external influence

Correct answer is D

No explanation has been provided for this answer.

3,220.

NACCIMA stands for

A.

Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts

B.

Nigerian Association for Culture ,Civic, Industries, Minerals and Arts

C.

National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture

D.

Nigerian association of Chambers of commerce, Industries, Mines and Agriculture

Correct answer is D

No explanation has been provided for this answer.