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.
Which of the following is not a reason for imposing import duties? To
improve balance of trade
improve quality of goods for consumers
obtain revenue
protect infant industries
prevent dumping
Correct answer is B
No explanation has been provided for this answer.
In a business environment, which of the following variables can a business man conveniently control?
Product
Politics
Culture
Economy
The laws
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a way of raising capital for business?
Issuing of bonds
Borrowing
Savings
Ploughing back profit
Issuing dividend warrants
Correct answer is E
No explanation has been provided for this answer.
In which of the following business units are the owners mostly the customers?
Co-operatives
Partnerships
Public corporations
Limited liability companies
Sole proprietorship
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a business resource?
Wages
Man
Money
Material
Machine
Correct answer is A
No explanation has been provided for this answer.