Commerce Past Questions and Answers

(a) What is consumerism?
(b) Give three reasons why consumers need protection.
(c) State any five measures taken by government or associations to protect consumers in Nigeria.

(a) What is meant by the term insurable risk?
(b) Explain any four circumstances when an insured may not be indemnified.

(a) List five types of business units in Nigeria.
(b) Give five main differences between a retail co-operative society and a public limited liability company.

Paper money originated in form of receipt given by?

Paper money originated in form of receipt given by?