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.

3,136.

The existing system of government and the administrative sub-division of a country which affect the operation of business in the country is described as

A.

economic environment

B.

legal environment

C.

polictical environment

D.

social environment

Correct answer is C

No explanation has been provided for this answer.

3,137.

Social responsibility of business requires enterprises to

A.

hold annual social parties for the public

B.

draw their workers only from the immediate environment

C.

address themselves to issues relating to the society

D.

set up social welfare centers in their areas of operation

Correct answer is C

No explanation has been provided for this answer.

3,138.

A key advantage of delegation is that

A.

workers are prepared for hgher responsibilites

B.

the manager has less work to do

C.

the manager spends less time on planning

D.

the organization grows larger in size

Correct answer is A

No explanation has been provided for this answer.

3,139.

In a business organization, the annual operation plan or budget is a form of

A.

casual plan

B.

medium-term plan

C.

long-term plan

D.

short-term plan

Correct answer is D

No explanation has been provided for this answer.

3,140.

The management function of evaluating whether objectives are being achieved is

A.

planning

B.

directing

C.

organizing

D.

controlling

Correct answer is D

No explanation has been provided for this answer.