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.
The most suitable organizational structure for small or medium sized enterprises is
line structure
staff structure
committee structure
functional structure
Correct answer is D
A small business can use one of three primary organization structure options: functional, divisional or matrix. Essentially, the organizational structure creates a business hierarchy to increase the efficiency and effectiveness of the business operations.
The initial function of a manager is
setting up an organisation
coordinating
planning
provision of welfare package
Correct answer is C
Planning: This step involves mapping out exactly how to achieve a particular goal.
Gilt-edged securities are issued mainly by
individuals
non-governmental organisations
Government
multi-national companies
Correct answer is C
Gilt-edged securities refer to high-grade bonds that some national governments and private organizations issue in an effort to generate revenue.
Money can be simply be referred to as a
measure of value
standard of value
means of settlement
durable asset for doing business
Correct answer is A
Money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed
Which of the following is a quality of money
Availability
Scarcity
Indivisibility
Convertibility
Correct answer is B
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.