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.
An economic activity which deals with natural resources is a form of?
extraction
refining
construction
manufacturing
Correct answer is A
Extraction involves taking raw materials, including oil, coal, gold, iron, copper, and other minerals, from the earth. People engaged in this type of activity are grouped under the extractive industry.
A major criticism of a cooperative society is?
limited capital
granting exceessive loans to members
selling goods on credit to non-members
management incompetence
Correct answer is D
No explanation has been provided for this answer.
The creation of utilities is to satisfy human wants is referred to as?
production
consumption
industrialization
occupation
Correct answer is A
Production is simply referred to as the creation of utility to satisfy human wants. The stage of production is complete only when manufactured goods get to the final consumer.
A document which advertise the shares of a company is known as a?
memorandum of satisfaction
dividend warrant
deed
prospectus
Correct answer is D
Simply put, a prospectus is a document inviting the public to subscribe/buy the shares of a company.
indirect service
commerical occupation
direct service
industrial occupation
Correct answer is C
No explanation has been provided for this answer.