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.
Which of the following is a limitation of division of labour?
Decline in craftmanship
Monotony of work
Reduction in output
Reduction in labour force
Correct answer is D
No explanation has been provided for this answer.
primary production
tertiary production
direct production
secondary production
Correct answer is A
primary production is the production of raw materials for industry.
The creation of goods and services to satisfy human wants is referred to as?
manufacturing
commercialization
production
entrepreneurship
Correct answer is C
Production is the organised activity of transforming resources into finished products in the form of goods and services
Service rendered to the public is provided by?
governement
civil servants
professionals
domestic servants
Correct answer is B
civil servants are people working in the public sector. An employee of the civil service is basically employed by the government to impartially implement their policies and laws. As a result, civil service employees often work in areas that highly affect people's everyday life (e.g. health and education).
An oil exploration company is engaged in?
tertiary production
constructive occupation
extractive occupation
secondary production
Correct answer is C
A primary or extractive occupation is occupations concerned with the production of primary products or products that are extracted from nature. Examples of Extractive occupation: farmer, fishing, mining, oil exploration etc