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.

261.

The contribution of a department towards the attainment of corporate goals is its

A.

span of control

B.

scalar principles

C.

unity of command

D.

unity of objective

Correct answer is B

No explanation has been provided for this answer.

262.

A non-insurable risk is exemplified by

A.

speculation and loss of profit through competition

B.

gambling and whole-life insurance

C.

bad debts and consequential loss insurance

D.

open cover contract and constructive total loss

Correct answer is A

No explanation has been provided for this answer.

263.

One objective of privatization is the

A.

provision of infrastructure

B.

provision of education and health facilities

C.

efficient use of resources

D.

protection and development of communities

Correct answer is C

No explanation has been provided for this answer.

264.

One of the primary functions of the thrift, credit and loans cooperative society is to

A.

educate its members

B.

disburse money to its members

C.

encourage investment among members

D.

protect members’ valuables

Correct answer is C

No explanation has been provided for this answer.

265.

A major disadvantage of the mainframe computer is its

A.

speed

B.

durability

C.

cost

D.

capacity

Correct answer is C

No explanation has been provided for this answer.