Commerce 2012 | Study Mode

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Question 1
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
Explanation

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Correct option: B
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Question 2
A
blacksmithing
B
bricklaying
C
car assembling
D
shoemaking
Explanation

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Correct option: C
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Question 3
A
capital
B
enterpreneur
C
labour
D
land
Explanation

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Correct option: C
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Question 4
A
production technique
B
production function
C
division of labour
D
delegation of responsibility
Explanation

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Correct option: C
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Question 5
A
an automated teller machine
B
a vending machiine
C
a counting machine
D
a branding machine
Explanation

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Correct option: B
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Question 6
A
create identity for a product
B
make a product look attractive
C
create product awareness
D
increase sales volume
Explanation

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Correct option: A
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Question 7
A
absolute advantage
B
globalization
C
deregulation
D
comparative advantage
Explanation

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Correct option: D
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Question 8
A
distance
B
differences in culture
C
politics
D
differences in currency
Explanation

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Correct option: D
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Question 9
A
a bill of landing
B
an invoice
C
an advice note
D
a delivery note
Explanation

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Correct option: D
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Question 10
A
a freight note
B
an indent
C
a bill of landing
D
a way bill
Explanation

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Correct option: B

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