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.
When a company buys up firms supplying it with raw materials, this is an example of
horizontal integration
a holding company
backward integration
consortium
lateral merger
Correct answer is C
No explanation has been provided for this answer.
Which of the following is used to transmit typed messages over long distances?
Dictaphone
Teleprinter
Computer
Telephone
Radio
Correct answer is B
No explanation has been provided for this answer.
trade gap
balance of trade
balance of payments
current account balance
terms of trade
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not the duty of an entrepreneur?
provision of inital capital
Bearing of risks
Organization of other factors of production
Decision on what to produce
Decision on the amount of tax to pay
Correct answer is E
No explanation has been provided for this answer.
The social responsibility factor of an organization is geared towards
contributing to the sustenance and development of its host community
operating without disrupting the very esssence of the environment
tackling the soci-economic problems of the state
meeting the needs and demands of the shareholders
Correct answer is A
Social responsibility is an ethical theory, in which individuals and business enterprises are accountable for fulfilling their civic duty; the actions of an individual or business must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.