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1.
One of the major benefits of commerce to government is to
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A.
improve the standard of living
B.
generate revenue for growth and development
C.
encourage cooperation among public organisations
D.
encourage the development of socio-cultural values

2.
An example of an activity in the construction industry is
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A.
blacksmithing
B.
bricklaying
C.
car assembling
D.
shoemaking

3.
One of the inputs in production that can be motivated by remuneration is
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A.
capital
B.
enterpreneur
C.
labour
D.
land

4.
The allocation of tasks to different skills in a production process is referred to as
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A.
production technique
B.
production function
C.
division of labour
D.
delegation of responsibility

5.
The sales of goods through a medium that accepts money and delivers the items to the customer is
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A.
an automated teller machine
B.
a vending machiine
C.
a counting machine
D.
a branding machine

6.
The main purpose of branding is to
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A.
create identity for a product
B.
make a product look attractive
C.
create product awareness
D.
increase sales volume

7.
The basis for international trade is embedded in the principle of
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A.
absolute advantage
B.
globalization
C.
deregulation
D.
comparative advantage

8.
The major problem encountered in international trade is that of
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A.
distance
B.
differences in culture
C.
politics
D.
differences in currency

9.
The document a seller uses in dispatching goods to a customer by a carrier is
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A.
a bill of landing
B.
an invoice
C.
an advice note
D.
a delivery note

10.
A document which serves as an order with details of goods required by an intending purchaser is
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A.
a freight note
B.
an indent
C.
a bill of landing
D.
a way bill

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