Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following classified under production?
Cloth making
Shoe mining
Coal mining
Road construction
Correct answer is B
No explanation has been provided for this answer.
hose who are engaged in exploiting natural resources are in?
extractive occupation
constructive occupation
commercial occupation
manufacturing occupation
Correct answer is A
No explanation has been provided for this answer.
Which of the following best describes commerce?
Buying and selling goods and services
Buying, selling and distribution and services
Preserving goods until they are needed
Making goods and services known to people
Correct answer is B
No explanation has been provided for this answer.
Opening the stock plug plus purchase of less closing the stock gives?
the rate of turnover
cost of goods sold
working capital
net profit
gross profit
Correct answer is B
No explanation has been provided for this answer.
above par value
at par value
below par value
ex dividend
cum dividend
Correct answer is A
No explanation has been provided for this answer.