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Commerce Past Questions and Answers

Commerce Questions

Question 126:
One of these is not part of small-scale retailers
  • A Urban stores
  • B Roadside traders
  • C Supermarkets
  • D Itinerant traders
View Answer & Explanation
Question 127:
The Sole aim of government owned business is to
  • A Make profit
  • B Provide services to the public
  • C Spread environmental pollution
  • D Manage action
View Answer & Explanation
Question 128:
Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out
  • A Standard for deferred payments
  • B Medium of exchange
  • C Store of value
  • D Unit of account
View Answer & Explanation
Question 129:
Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as
  • A Transportation
  • B Tourism
  • C International trade
  • D Domestic tourism
View Answer & Explanation
Question 130:
An International organisation that influence and fix the price of oil in the International markets is
  • A IMF
  • B ECOWAS
  • C OPEC
  • D OAU
View Answer & Explanation