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.

3,021.

The reduction of import duties among the members countries of ECOWAS is an example of

A.

preference duties

B.

preferential treatment

C.

preferential tariff

D.

preferential excise

Correct answer is C

No explanation has been provided for this answer.

3,022.

Inventory control is an aspect of a

A.

operations research

B.

materials management

C.

C the organizing function

D.

D span of control

Correct answer is B

No explanation has been provided for this answer.

3,023.

When a business enterprise provides free service to its environment, the service is said to be a

A.

civic responsibility

B.

philanthropic consideration

C.

social responsibility

D.

political consideration

Correct answer is C

No explanation has been provided for this answer.

3,024.

EXTERNAL ENVIRONMENT INTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT
Which of the following sequences can best fit into the structure above?

A.

People control ideals

B.

Material production ideas

C.

Finance marketing production

D.

Material production product

Correct answer is D

No explanation has been provided for this answer.

3,025.

Under normal circumstances, a business enterprise can be ideally structured

A.

by product, function or territories

B.

around the personalities in the enterprise

C.

on the ruling of the management

D.

on the basis of an order from stockholders

Correct answer is A

No explanation has been provided for this answer.