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.

2,856.

Social responsibility of an organization to?

A.

tackle the socio-economic problem of its community

B.

meet the needs of its community

C.

contribute to sustaining and developing its community

D.

operate without disrupting the very essence of the enviroment

Correct answer is C

No explanation has been provided for this answer.

2,857.

The act of a person employing another to enter into a contract on his behalf is known as?

A.

business

B.

sale of goods

C.

bilateral agreement

D.

agency

Correct answer is D

No explanation has been provided for this answer.

2,858.

The government policy thrust on the business environment is to?

A.

promote experts

B.

attract investors

C.

be self-sufficient

D.

increase production

Correct answer is B

No explanation has been provided for this answer.

2,859.

The assembling of products into usable forms is known as?

A.

construction

B.

manufacturing

C.

formation

D.

creation

Correct answer is A

No explanation has been provided for this answer.

2,860.

One of the requirements necessary for setting up a business is?

A.

registration

B.

advertisement

C.

knowledge of the business

D.

documentation

Correct answer is C

No explanation has been provided for this answer.