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.

2,601.

An aid to trade associated with communications is?

A.

advertisement

B.

transportation

C.

warehousing

D.

insurance

Correct answer is A

Communication as an aid to trade helps in the passing of information from one person to another. Buying and selling goods requires communication between two or more persons. 

Communication works hand-in-hand with advertisement which is the creating of awareness about the existence of new and old goods.

2,602.

The central focus of commercial activities is?

A.

pricing

B.

advertising

C.

trading

D.

marketing

Correct answer is C

In commerce, commercial activities involve the production of goods and provision of services. Commercial activities are mainly centered around buying and selling. It includes selling goods, services, food, or materials.

2,603.

Which software program can be used to generate financial reports from a company's client list?

A.

MS Word

B.

Database

C.

MS Excel

D.

Adobe

Correct answer is C

MS Excel uses a collection of cells arranged into rows and columns to organize and manipulate financial or arithmetic data. It is typically used to organize data and perform financial analysis. It is used across all business functions and at companies from small to large.

2,604.

A computer component that decodes and interprets instructions and also directs program implementation is?

A.

memory unit

B.

central processing unit

C.

control unit

D.

system unit

Correct answer is B

A central processing unit (CPU) is the electronic circuitry within a computer that carries out the instructions of a computer program by performing the basic arithmetic, logical, control and input/output (I/O) operations specified by the instructions.

2,605.

Which of the following is a form of social responsibility of a business?

A.

Selling goods at cheaper prices

B.

Using the best technology available

C.

Maintaining tidy and safe environment

D.

Meeting contractor's obligations

Correct answer is C

Social responsibility in business means that businesses should act in a manner that benefits society, by adopting policies that promote the well-being of society and the environment while lessening negative impacts on them.