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A trade association consists of members engaged in the same trade while a chamber of...

Commerce
JAMB 2006

A trade association consists of members engaged in the same trade while a chamber of commerce is?

  • A. highly regulated by a governent agency
  • B. not restricted on a particular industry
  • C. made up of members that are registered
  • D. made up of firms in the banking industry
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Correct Answer: Option B
Explanation

A chamber of commerce is an association or network of businesspeople designed to promote and protect the interests of its members. It is not restricted to a certain industry.

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts