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Tuesday, 14 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2126:
An association of employees in an organization is called a
  • A Trade union
  • B Trade association
  • C Consumer association
  • D Credit union
  • E Co-operative society
View Answer & Explanation
Question 2127:
A firm that accepts a portion of the risk involved in an insurance contract is
  • A A broker
  • B An actuary
  • C A speculator
  • D An underwriter
  • E An assessor
View Answer & Explanation
Question 2128:
Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the
  • A Offerer
  • B Offeree
  • C Buyer
  • D Guarantor
  • E Auctioner
View Answer & Explanation
Question 2129:
When goods are sent through an independent carrier, the document used by the sender is
  • A A delivery note
  • B An advice note
  • C An invoice
  • D A consignment note
  • E A reciept
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Question 2130:
Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?
  • A Nature of the product
  • B Identification of potential customers
  • C Operating costs
  • D Existing local channel of distribution
  • E Provision of credit facilities to customers
View Answer & Explanation