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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
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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<br/><br/><table class='tbn'><tbody><tr><td> Initial Capital </td><td> 5000 </td></tr><tr><td> Net Profit </td><td> 1000 </td></tr><tr><td> Furniture </td><td> 2000 </td></tr><tr><td> Equipment </td><td> 2900 </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr></tbody></table> <br/><br/>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
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