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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2846:
The people involved in the formation of new companies are called?
  • A Members
  • B Directors
  • C Shareholders
  • D Promoters
View Answer & Explanation
Question 2847:
Commercial activities among West African countries are greatly hindered by
  • A Nationalization decree
  • B Lack of an acceptable medium of exchange
  • C Good road network
  • D Too many commercial banks
View Answer & Explanation
Question 2848:
Which of the following makes it an offense for a trader to make untrue statement about his goods?
  • A Consumerism
  • B Consumer Credit Act
  • C Trade Description Act
  • D Price Control Act
View Answer & Explanation
Question 2849:
Which of the following is a means by which a contract of agency could be terminated?
  • A Mutual agreement
  • B Lack of consideration
  • C Failure to insure the contract
  • D Payment of commission
View Answer & Explanation
Question 2850:
Which of the following would be necessary before the introduction of a new product?
  • A Product differentiation
  • B Target marketing
  • C Market research
  • D Market segmentation
View Answer & Explanation