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Commerce Past Questions


Question 126:


One of these is not part of small-scale retailers

A. Urban stores
B. Roadside traders
C. Supermarkets
D. Itinerant traders


Question 127:


The Sole aim of government owned business is to

A. Make profit
B. Provide services to the public
C. Spread environmental pollution
D. Manage action


Question 128:


Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out

A. Standard for deferred payments
B. Medium of exchange
C. Store of value
D. Unit of account


Question 129:


Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

A. Transportation
B. Tourism
C. International trade
D. Domestic tourism


Question 130:


An International organisation that influence and fix the price of oil in the International markets is

A. IMF
B. ECOWAS
C. OPEC
D. OAU






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