NECO Commerce 2023 Objective — Question 12
Question 12 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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A voluntary association of business people from different lines of business, formed to promote their common interests, is called a (a) trade association (b) cooperative society (c) stock exchange (d) chamber of commerce
- A. trade association
- B. cooperative society
- C. stock exchange
- D. chamber of commerceCorrect
Explanation
A chamber of commerce is a non-profit organisation of businesses (not necessarily in the same line) formed to promote the interests of businesses in a community or region.
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