Commerce 2008 | Study Mode

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Question 1

An aspect of commerce that facilitates the distribution of products is?

transportation

advertising

branding

trading

Explanation

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Correct option: A

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Question 2

An activity that involves derivation of raw materials from land and sea is?

construction

farming

agriculture

extraction

Explanation

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Correct option: D

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Question 3

The art of soaping-making is an example of?

primary occupation

secondary occcupation

tertiary occupation

construction occupation

Explanation

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Correct option: B

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Question 4

Given:
i. Shoe maker ii. Policeman iii. Fisherman iv. Gardener
v.Broker
The persons engaged in primary occupation are?

i,iii and iv

iii and iv

iii and v

i, ii and v

Explanation

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Correct option: B

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Question 5

The process of changing the form of a new material is known as?

fabrication

extraction

conversion

production

Explanation

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Correct option: D

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Question 6

In the long run, all factors of production are?

fixed

variable

marginal

constant

Explanation

Explanation not provided, please join discuss, your contributions are welcomed

Correct option: B

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Question 7

The quality and quantity of production mostly depend on the?

effectiveness of factors

availibility of factors

level of education of enterpreneurs

level of cooperation among workers

Explanation

Explanation not provided, please join discuss, your contributions are welcomed

Correct option: A

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Question 8

The promotion of savings culture is a feature of a?

trade association

consumers' cooperative society

thirft cooperative society

business association

Explanation

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Correct option: C

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Question 9

A document which gives a legal status to a company is the certificate of?

incorporation

trading

commencement of business

business registration

Explanation

Explanation not provided, please join discuss, your contributions are welcomed

Correct option: A

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Question 10

A proposed company may not be registered if?

the name conficits with that of another

it does not put 'limited' after its proposed name

it has no paid-up capital

it has no asset of its own

Explanation

Explanation not provided, please join discuss, your contributions are welcomed

Correct option: A

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