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.

346.

Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.

A.

demand

B.

identification

C.

replacement

D.

stabilization

E.

standardization

Correct answer is B

No explanation has been provided for this answer.

347.

The following are advantages of division of labour specialization EXCEPT that it

A.

enhances interdependence

B.

increases output

C.

increases skill and dexterity

D.

leads to monotony

E.

promotes efficient of tools

Correct answer is D

No explanation has been provided for this answer.

348.

Gross profit can be calculated as

A.

Cost of good sold minus cost of goods available for sale

B.

cost of goods available for sales minus sale

C.

Sales minus purchases

D.

Sales minus cost of good sold

E.

Sales minus closing stock

Correct answer is D

No explanation has been provided for this answer.

349.

Departmental store, supermarket and chain store are examples of

A.

large scale retailers

B.

large scale whole-salers

C.

medium scale producers

D.

small scale retailers

E.

small scale wholesalers

Correct answer is A

No explanation has been provided for this answer.

350.

The Nigeria Enterprises promotion Decree brought about policy

A.

commercialization

B.

indigenization

C.

industrialization

D.

nationalization

E.

nationalization

Correct answer is B

No explanation has been provided for this answer.