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.

2,971.

The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a

A.

improved exchange

B.

enhanced trade

C.

enhance development

D.

improved relations

Correct answer is B

No explanation has been provided for this answer.

2,972.

Which of the following group of countries are members of the Niger Basin Commission?

A.

The republic of Guinea, Burkina Faso and Nigeria

B.

Ghana, liberia, and the republic of Benin

C.

Mali, Liberia and Nigeria

D.

Ghana , Burkina Faso and Chad

Correct answer is A

No explanation has been provided for this answer.

2,973.

The right of the public to protection against questionable products and marketing practices is

A.

an economic aspect of the business

B.

a social responsibility of business

C.

a legal aspect of the business

D.

a political aspect of the business

Correct answer is C

No explanation has been provided for this answer.

2,974.

Which of these sets of external environmental factors affects a business operation?

A.

Competition, industry operation

B.

Competition, labour and political

C.

Political, cultural and labour

D.

Economic, social and legal

Correct answer is D

No explanation has been provided for this answer.

2,975.

The main thrust of government policy of evolving good business environment in Nigeria is the need

A.

to attract local and foreign investors

B.

for more export commodities

C.

for consumer oriented products

D.

to have viable local markets

Correct answer is A

No explanation has been provided for this answer.