Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,731.

Industry is a branch of production because it?

A.

is a division of commerce

B.

increases utiility of goods

C.

involves the use of machines

D.

deals with its durable goods

Correct answer is A

No explanation has been provided for this answer.

1,732.

Which of the following is not a commercial occupation?

A.

Transportation

B.

Warehousing

C.

Banking

D.

Fishing

Correct answer is D

No explanation has been provided for this answer.

1,733.

A worker who processed garri is engaged in?

A.

extracting

B.

manufacturing

C.

exchange

D.

constructing

Correct answer is B

No explanation has been provided for this answer.

1,734.

The scope of commerce is limited to?

A.

home and foreign trade

B.

wholesale and retail trade

C.

trade and aids to trade

D.

wholesale and entrepot

Correct answer is C

No explanation has been provided for this answer.

1,735.

A voluntary body formed by people in the same line of business is known as?

A.

trade union

B.

trade association

C.

cartel

D.

employers' association

Correct answer is B

No explanation has been provided for this answer.