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Commerce Past Questions and Answers

Commerce Questions

Question 3726:
Which of the following is not an objective of ECOWAS?
  • A Promotion of a common language
  • B Improvement of infrastructural facilities
  • C Encouragement of free movement of people
  • D Encouragement of trade among member coutries
View Answer & Explanation
Question 3727:
A partner whose name is used to boost the image of the business and does not contribute capital is a?
  • A Dormant partner
  • B General partner
  • C Limited partner
  • D Nominal partner
View Answer & Explanation
Question 3728:
One advantage of sole proprietorship is that?
  • A Access to large capital is easy
  • B Decisions are made promptly
  • C Business risks are spread
  • D Continuity of business is assured
View Answer & Explanation
Question 3729:
A business unit in which savings of members are lent to others is a?
  • A Consumer cooperative society
  • B Producer cooperative society
  • C Credit and thrift society
  • D Wholesale cooperative society
View Answer & Explanation
Question 3730:
The document issued to a public company allowing it to commence business is the?
  • A Article of association
  • B Certificate of incorporation
  • C Memorandum of association
  • D Certificate of trading
View Answer & Explanation