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Commerce Past Questions and Answers

Commerce Questions

Question 191:
The main purpose of insurance is to
  • A Encourage business to surviveand grow
  • B Ensures that facilities are available for operators
  • C Accepts risk s and extend credit to policy holders
  • D Spread individual losses ove all covered participants
View Answer & Explanation
Question 192:
The object of the business are determined by the
  • A Workers
  • B Government
  • C Society
  • D Promoters
View Answer & Explanation
Question 193:
Partnership are most suitable where
  • A The partners are family friends
  • B Professionals are involved
  • C Members can easily rasie enough capital
  • D Government regulations are favourable
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Question 194:
Use the conversion below to answer question 7 and 8<br/>MUSA: Taiwo why are you in business?<br/>TAIWO: To optimized profit, provide quality <br/>product and discharge my social<br/>responsibilities. What of you, Okon<br/>and Kalu <br/>OKON: I am in business to cater for the<br/>need of the consumers at all costs.<br/>KALU: I am in business to make profit,<br/>provided quality product <br/>at reasonable prices<br/>and establish a good <br/>reputation for myself.
  • A Musa
  • B Okon
  • C Taiwo
  • D Kalu
View Answer & Explanation
Question 195:
The business with the best business objectives is
  • A Okon
  • B Taiwo
  • C Kalu
  • D Musa
View Answer & Explanation