Commerce | Study Mode

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Question 1
A
money lenders
B
goldsmiths
C
bankers
D
traders
E
thrift societies
Explanation

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Correct option: B
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Question 2
A
manufacturing occupation
B
distributive occupation
C
commercial occupation
D
extractive occupation
E
constructive occupation
Explanation

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Correct option: C
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Question 3
A
retail trade
B
commerce
C
marketing concept
D
marketing mix
E
wholesale trade
Explanation

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Correct option: B
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Question 4
A
subsistence economy
B
mobility of labour
C
mixed economy
D
exchange economy
E
division of labour
Explanation

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Correct option: E
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Question 5
A
Extractive industry
B
Manufacturing
C
Commercial occupation
D
Constructive industry
E
Tertiary industry
Explanation

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Correct option: B
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Question 6
A
The economy was consistent
B
Specialization was minimal
C
Cowries were used as money
D
Horses wee used as means of transportation
E
Communities were interdependent
Explanation

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Correct option: E
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Question 7
A
Enugu
B
Oyo
C
llorin
D
Kaduna
E
Kano
Explanation

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Correct option: E
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Question 8
A
and services are used by the producer
B
are packed and labelled
C
are sold in the market
D
and services reach the final user
E
are advertised to the consumers
Explanation

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Correct option: D
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Question 9
A
an acceptance
B
an offer
C
a rejection
D
an agreement
E
a contract
Explanation

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Correct option: C
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Question 10
A
del credere
B
uberrima fidei
C
caveat emptor
D
res ipsa loquitor
E
caveat vendetta
Explanation

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Correct option: C

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