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.
A system where customer patronage is sought by producing what they need is referred to as _______?
sales promotion
market promotion
product promotion
market orientation
Correct answer is D
Focuses on delivering products designed according to customer desires, needs and requirements.
The Nigeria Stock Exchange consist of ______
primary and secondary-tier market
secondary and primary market
money and commodities market
commercial and mortgage market
Correct answer is B
Primary market refers to the market where securities are bought while secondary market is a market where existing securities are traded.
Risk bearing in business organisation is a function of the _____
employees
customers
entrepreneur
manager
Correct answer is C
Organises business venture and assumes the risk.
A demonstration of social responsibility by a business is the payment of _______
taxes to government
dividends to shareholder
interest on loans
premium on insurance
Correct answer is A
These are receipts from individual's income taxes, corporate income taxes, gift and estate taxes.
The part of the computer that has the capacity to interpret instruction is _______
universal power storage
central processing unit
keyboard
monitor
Correct answer is B
It is the brain of a computer. The CPU processes and interprets data to information.