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Commerce Past Questions and Answers

Commerce Questions

Question 3171:
(a) List any five member-countries of the Niger Basin Commission.<br/>(b) State five objectives of the Niger Basin Commission.<br/>
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    Question 3172:
    When the government gives up its ownership and control of a business to individuals, this is known as
    • A Nationalization
    • B Commercialization
    • C Privatization
    • D Indigenization
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    Question 3173:
    When the government gives up its ownership and control of a business to individuals, this is known as
    • A Nationalization
    • B Commercialization
    • C Privatization
    • D Indigenization
    View Answer & Explanation
    Question 3174:
    The reward received by a party in a contract agreement is known as
    • A Consideration
    • B Acceptance
    • C Offer
    • D Warranty
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    Question 3175:
    Payment to a ship owner for carrying one's cargo is
    • A Demurrage
    • B Fare
    • C Dock due
    • D Freight
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