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Commerce Past Questions and Answers

Commerce Questions

Question 3216:
Which of the following is not a member of the Lake Chad Basin Commission
  • A Nigeria
  • B Chad
  • C Gabon
  • D Cameroun
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Question 3217:
A false statement made by one party with an intention of inducing to enter into a contract with him is known as
  • A Misrepresentation
  • B Legal capacity
  • C Consensus ad idem
  • D Consideration
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Question 3218:
The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are
  • A Desirable to customers
  • B Company oriented
  • C Beautifully packaged
  • D Profit oriented
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Question 3219:
When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed
  • A Consumer behaviour
  • B Consumerism
  • C Consumer education
  • D Consumer orientation
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Question 3220:
(a) Explain industrial occupation. Give three examples.<br/>(b) State three uses of capital as a factor of production.<br/>(c) State four uses of land as a factor of production.<br/><br/>
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