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.
indirect service
commerical occupation
direct service
industrial occupation
Correct answer is C
No explanation has been provided for this answer.
The making of doors from timber planks is a type of?
manufacturing
tertiary production
secondary production
primary production
Correct answer is C
Secondary production is the manufacturing and assembly process that involves converting raw materials into components, for instance, making plastics from oil.
A major advantage of a cooperative society is that it?
gives members the opportunity to unite
draws members closer to government
promotes awareness among members
encourages thirft among members
Correct answer is D
No explanation has been provided for this answer.
The sustainable growth of commerce is largely due to?
marketing
advertising
exchange
branding
Correct answer is B
Commerce which involves commercial activities such as selling and buying is sustained through advertising. With advertising, the public is made aware of the existence of a particular product and service.
A Memorandum of Association is applicable to a?
sole trader
joint company
partnership
public corporation
Correct answer is B
A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders and it specifies the objectives for which the company has been formed. A Memorandum of Association is a principal document in the formation of a company stock company.