Commerce | Study Mode

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Question 1
A
man utilizes the resources in his physical environment
B
man produces, distributes and consumes his goods and services
C
man buys, sells and distributes goods and services
D
raw materials are changed into finished goods
Explanation.

'Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by providing jobs and producing beneficial goods and services. it is the activity of buying and selling, especially on a large scale.


Correct Option:
C
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Question 2
A
staffing
B
selection
C
recruitment
D
employment
Explanation.

Staffing involves manning the organization structure through proper and effective selection, appraisal and development of the personnels to fill the roles assigned to the employers/workforce


Correct Option:
A
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Question 3
A
sole trader
B
joint company
C
partnership
D
public corporation
Explanation.

No official Explanation yet!


Correct Option:
B
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Question 4
A
marketing
B
advertising
C
exchange
D
branding
Explanation.

No official Explanation yet!


Correct Option:
B
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Question 5
A
gives members the opportunity to unite
B
draws members closer to government
C
promotes awareness among members
D
encourages thirft among members
Explanation.

No official Explanation yet!


Correct Option:
D
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Question 6
A
manufacturing
B
tertiary production
C
secondary produuction
D
primary production
Explanation.

No official Explanation yet!


Correct Option:
C
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Question 7
A
indirect service
B
commerical occupation
C
direct service
D
industrial occupation
Explanation.

No official Explanation yet!


Correct Option:
C
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Question 8
A
memorandum of satisfaction
B
dividend warrant
C
deed
D
prospectus
Explanation.

No official Explanation yet!


Correct Option:
D
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Question 9
A
production
B
consumption
C
industrialization
D
occupation
Explanation.

No official Explanation yet!


Correct Option:
A
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Question 10
A
limited capital
B
granting exceessive loans to members
C
selling goods on credit to non-members
D
management incompetence
Explanation.

No official Explanation yet!


Correct Option:
D

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