Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
What is the disadvantage of foreign trade?
encourages dumping
encourages specialization
facilitate transfer of technology
makes available products that can not be produced by a country
widens the world market
Correct answer is A
No explanation has been provided for this answer.
annuity
deterred annuity
endowment
term
whole life
Correct answer is C
No explanation has been provided for this answer.
What is NOT a suitable reason for the growth in large retail business?
distribution of wealth through expansion of retail outlets because there is great profit
improved transportation system which makes people able to move about easily to buy goods
low cost per unit of goods resulting from economics of large scale
people’s willingness to migrate from rural areas to towns for white collar jobs
rise in standards of living of people resulting from improved wages/salaries
Correct answer is D
No explanation has been provided for this answer.
co-operative society
industrial association
manufacturers’ association
trade and industry practitioners
trade association
Correct answer is E
No explanation has been provided for this answer.
What is NOT a function of the chambers of commerce? They
arbitrate and settle disputes among members
collect and pass important information to all members and the general public
consult and co-operate with government on matters of trade and industry
make members aware of government policies concerning customs and regulations
serve as media for the expression of the opinions of employers on matters relating to employment
Correct answer is D
No explanation has been provided for this answer.