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What students should know

Commerce can be defined as the exchange of goods and services, usually for money and on a large scale that will require the transportation of such goods and services.

Commerce is very important to the life of any Nation for the following reasons:

  1. Commerce facilitates the exchange of goods and services which everyone can enjoy, regardless their location or whether the goods is produced within or outside their country.
  2. Commerce creates an awareness of the existence of goods and services through advertising.
  3. Commerce offers employment to a very large number of people in a Nation.
  4. Commerce promotes rapid transfer of both oral and written messages through communication.
  5. Commerce determines the standard of living in a Nation. This is because the extent of commercial activities is crucial to wealth of  a nation.
  6. Commerce makes for the protection against risk in day to day business operations.
  7. Through commerce, there is a steady supply of goods in a Nation. This is because commerce ensures that goods produced are stored until needed.


A public company is not owned by an individual. Usually, it is owned by groups or a very large number of people.

The shares of a public company are traded freely on the stock exchange.

Below are some features of a public company

  1. A public company must receive it’s training certificate to commence business.
  2. The minimum membership is two while the maximum membership is limitless.
  3. A public company has a legal status. It can sue and be sued.
  4. A public company files and publishes its annual reports, including its accounts.
  5. The liability of its members is limited.
  6. The shares are easily transferrable through the stock market.
  7. A public company can issue debentures to be secured as its assets.

Please read on the types of business structure here


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Questions for Student

Which of the following is not a pressure group?

  • A. Armed Forces Ruling Group (AFRP)
  • B. Boys Brigade
  • C. Academic Staff union of Universities (ASUU)
  • D.Girls Guide Movement
  • E. Red Cross Society

Answer is Armed ForcesRuling Group (AFRP)

A pressure group is any formal and organized body with a common interest and whose aim is to put pressure on any government institution with the goal of influencing government policies and laws to their own advantage.

Please read on pressure group here.


The only metal that exist as liquid at room temperature is _____.

  1. Nickel
  2. Duralumin
  3. Mercury
  4. Lead
  5. Titanium
  6. Cesium

ANSWER is Mercury

Mercury is a liquid metal at room temperature. Its chemical symbol is Hg. The name mercury comes from its Greek name, hydrargyrum, which means "liquid silver" .  Mercury has an atomic number of 80. Please read on the periodic table of elements here

The element mercury is also considered to be named after the fastest-moving planet in the solar system. You can read on solar system here.