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.
Money is generally accepted for transactions due to
the legal backing
the rule of law
its acceptability in the global market
the Central Bank Governor's signature
Correct answer is A
Legal backing of money is the legally recognized money within a given a geographical area
Trade fairs in Nigeria are organised by
the Federal Government
Manufacturers'' Association of Nigeria
Ministry of Commerce and Industry
Chambers of Commerce
Correct answer is D
A chamber of commerce is a form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses.
increase profit of service providers
protect the interest of government
encourage more people into the business
protect the interest of consumers
Correct answer is D
They are there to protect the consumer exploitation by service providers
A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to
protect other lawyers
protect the intergrity of the association
compensate the affected client
prevent the client from sueing the association
Correct answer is B
No explanation has been provided for this answer.
#24,000
#46,500
#62,500
#65,000
Correct answer is C
12,500 x 5 = 62,500