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Commerce Past Questions and Answers

Commerce Questions

Question 81:
The scope of commerce is limited to________
  • A Home and foreign trade
  • B Wholesaler and retail trade
  • C Trade and aids to trade
  • D Wholesale and entreport trade
View Answer & Explanation
Question 82:
Use the following information to answer this question.The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500


From the above, calculate Current assets
  • A 1600
  • B 1060
  • C 1500
  • D 600
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Question 83:
All but one is not a demerit of advertising?
  • A It leads to monopoly
  • B Buyers can buy unnecessarily
  • C Increase in profit
  • D High cost
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Question 84:
Advantages of pipeline transport include all except_______
  • A Low maintenance cost
  • B It is safe
  • C Continuous Flow of goods
  • D Prone to leakages
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Question 85:
The factors to be considered in setting up retail trade include all except_____
  • A Capital
  • B Experience
  • C Location
  • D Age
View Answer & Explanation