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.
The practice of employing specialists in relevant occupation is a feature of?
subsistence economy
mobility of labour
mixed economy
exchange economy
division of labour
Correct answer is E
No explanation has been provided for this answer.
The process of buying and selling and distribution of goods and services is known as?
retail trade
commerce
marketing concept
marketing mix
wholesale trade
Correct answer is B
No explanation has been provided for this answer.
An insurance broker is involved in?
manufacturing occupation
distributive occupation
commercial occupation
extractive occupation
constructive occupation
Correct answer is C
No explanation has been provided for this answer.
Paper money originated in form of receipt given by?
money lenders
goldsmiths
bankers
traders
thrift societies
Correct answer is B
No explanation has been provided for this answer.
A business organization is said to be socially responsible when it?
gets involved in issues relating to the society
rewards its staff for long-term service
offers discounts to customers
invites the public to its annual general meetings
Correct answer is A
Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole.