Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

701.

Carpentry is an activity classified under

A.

extractive occupation

B.

tertiary occupation

C.

commercial occupation

D.

constructive occupation

Correct answer is D

No explanation has been provided for this answer.

702.

A system of buying products from a machine is known as

A.

Impulse buying

B.

branding

C.

automatic vending

D.

loss leader

Correct answer is C

No explanation has been provided for this answer.

703.

A cheque bearing a date showing that it was issued more than six months ago is termed a

A.

blank cheque

B.

bearer cheque

C.

stale cheque

D.

order cheque

Correct answer is C

No explanation has been provided for this answer.

704.

The documents issued by the Registrar of companies which allows a public company to commence business is called

A.

trading certificate

B.

prospectus

C.

certificate of incorporation

D.

memorandum of association

Correct answer is A

No explanation has been provided for this answer.

705.

The distribution of goods creates

A.

time utility

B.

place utility

C.

form utility

D.

possession utility

Correct answer is A

No explanation has been provided for this answer.