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.
A Major funtion of commerce is to
facilitiate human satisfaction through exchange
eliminate trade barriers
provide raw materials for manufacturers
influence government policies
Correct answer is A
Commerce provides the advantages of specialisation. It helps to better satisfy human wants by collecting and distributing goods. Commerce provides the necessary link between the producers and consumers of goods.
One of the major reasons for merger is to
reduce the number of unskilled manpower
increase the number of skilled manpower
prevent liquidation
liberalize the market
Correct answer is C
Synergy: One of the main reasons why companies merge or acquire other companies is to create a synergy. Synergy is the concept that, the value of the combined companies will be greater than the joint value of the two individual companies. This will inturn prevent liquidation or folding up of a company
Petrol voucher is an example of a
bankdraft
legal tender
token money
partial money
Partial payment refers to the offering of a payment by check for less than the full amount claimed by the creditor.
Correct answer is D
No explanation has been provided for this answer.
The form of credit sales common to low income groups is
hire purchase
club trading
booking -me -down
credit trading
Correct answer is C
Book-me-down is a type of credit purchase whereby a customer will purchase goo
A group of computers that exchange data is referred to as
an information bank
a network
a database
an intranet site
Correct answer is B
A network, in computing, is a group of two or more devices that can communicate.