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.
primary production
tertiary production
direct production
secondary production
Correct answer is A
primary production is the production of raw materials for industry.
The creation of goods and services to satisfy human wants is referred to as?
manufacturing
commercialization
production
entrepreneurship
Correct answer is C
Production is the organised activity of transforming resources into finished products in the form of goods and services
Service rendered to the public is provided by?
governement
civil servants
professionals
domestic servants
Correct answer is B
civil servants are people working in the public sector. An employee of the civil service is basically employed by the government to impartially implement their policies and laws. As a result, civil service employees often work in areas that highly affect people's everyday life (e.g. health and education).
An oil exploration company is engaged in?
tertiary production
constructive occupation
extractive occupation
secondary production
Correct answer is C
A primary or extractive occupation is occupations concerned with the production of primary products or products that are extracted from nature. Examples of Extractive occupation: farmer, fishing, mining, oil exploration etc
The three main classification of occupation are?
construction, trade and services
manufacturing, industry and services
farming, banking and trading
industry, commerce and services
Correct answer is D
occupations can be classified into three categories:
- Industry
- Commerce
- Service