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which of the following features is not associated with a chamber of commerce? it is 

Commerce
WAEC 2018

which of the following features is not associated with a chamber of commerce? it is 

  • A. democratically administered
  • B. an independent association
  • C. open only to entrepreneurs
  • D. a voluntary association
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Correct Answer: Option A
Explanation

A chamber of commerce (or board of trade) is a form of business network, whose goal is to further the interests of businesses. it is formed by Business owners in towns and cities to advocate on behalf of the business community.

A chamber of commerce is a voluntary association of business firms belonging to different trades and industries. They serve as spokesmen and representatives of business community. They differ from country to country. It is made up of entrepreneurs, who work independently to achieve their goals.


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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995