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.

3,121.

The practice of assessing employees for payment or advancement according to their observed achievement is called

A.

employee ranking

B.

merit ratingjob grading

C.

job grading

D.

employee education

Correct answer is C

No explanation has been provided for this answer.

3,122.

Which of the following organizations represents those who engages labour in Nigeria?

A.

Nigerian Labour Congress

B.

Nigerian Employers Consultative Association

C.

Manufacturers Association of Nigeria

D.

Nigerian Union of Local Government Employees

Correct answer is A

No explanation has been provided for this answer.

3,123.

The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of

A.

privatization

B.

commercialization

C.

indigenization

D.

nationalization

Correct answer is B

No explanation has been provided for this answer.

3,124.

When an industry or company is nationalized, the state becomes

A.

the major shareholder

B.

the mini shareholder

C.

the only shareholder

D.

an equal shareholder with other individuals

Correct answer is C

No explanation has been provided for this answer.

3,125.

Consumer sovereignty means that they consumer is

A.

a citizen

B.

always independent

C.

always wrong

D.

always right

Correct answer is D

No explanation has been provided for this answer.