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Commerce Past Questions and Answers

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Commerce Questions

Question 3846:

Shares are said to be sold at a discount when they are sold

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A Above par
B At par
C Below par
D To the public
E To the shareholders

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Question 3847:

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

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A Breach of contract
B Frustration
C Operation of the law
D Performance
E Voluntary agreement

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Question 3848:

The body charged with the responsibility monitoring the quality of goods supplied is the ____________

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A Consumers’ association
B Chamber of commerce
C Manufacturers' association
D Ministry of Health
E Nigerian standards organization

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Question 3849:

What is NOT an advantage of combinations (monopolies)?

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A Bender opportunity to expand operations
B Fall in the cost of selling
C Pool of specialized managerial skills
D Centralized management
E Danger of over-capitalization

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Question 3850:

What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?

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A Co-operating with the appropriate agencies to bring about effective price control
B Educating the consumers on drug abuse
C Encouraging consumers to eat a more sensible and balanced diet and avoid fatty foods
D Requiring drug manufacturers to provide printed prescription for certain drugs
E Requiring drug manufacturers to test the safety and effectiveness of drugs before marketing

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