Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following refers to all the resources used in creating utilities?
Fixed capital
Factors of production
Enterpreneurship
Labour
Correct answer is B
No explanation has been provided for this answer.
Which of the following brings about specialization?
Recruitment of staff
Division of labour
Business resource
Employer of labour
Correct answer is B
No explanation has been provided for this answer.
The goods that are used for the production of other goods are known as
commercial goods
consumer goods
capital goods
non-durable
Correct answer is C
No explanation has been provided for this answer.
A shoe repairer is engaged in a
service occupation
manufacturing
extractive occupation
commercial occupation
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not true of air transport?
it is used to transport goods of high value
has high operating costs
it is good for transporting blood for infusion
operates normally irrespective of weather conditions
it travels on schedule
Correct answer is D
No explanation has been provided for this answer.