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.
trade gap
balance of trade
balance of payments
current account balance
terms of trade
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not the duty of an entrepreneur?
provision of inital capital
Bearing of risks
Organization of other factors of production
Decision on what to produce
Decision on the amount of tax to pay
Correct answer is E
No explanation has been provided for this answer.
The social responsibility factor of an organization is geared towards
contributing to the sustenance and development of its host community
operating without disrupting the very esssence of the environment
tackling the soci-economic problems of the state
meeting the needs and demands of the shareholders
Correct answer is A
Social responsibility is an ethical theory, in which individuals and business enterprises are accountable for fulfilling their civic duty; the actions of an individual or business must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
A Digital Versatile Disk is an example of a
transmission control protocol
microprocessor
file transfer protocol
computer storage device
Correct answer is D
DVD is a type of compact disc able to store large amounts of data, especially high-resolution audiovisual material. It is an example of computer storage device
Which of the following computers can be used in weather forecast?
Hybrid computer
Digital computer
Mainframe computer
Analog computer
Correct answer is A
Hybrid computers are computers that exhibit features of analog computers and digital computers. The digital component normally serves as the controller and provides logical and numerical operations, while the analog component often serves as a solver of differential equations and other mathematically complex equations.