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Commerce Past Questions and Answers

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Commerce Questions

Question 131:

A demonstration of social responsibility by a business is the payment of

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A Taxes to government
B Dividends to shareholders
C Interests on loans
D Premium on insurance

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Question 132:

Compulsory dissolution of a business can arise from

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A An agreement by the owners
B A declaration by a court of law
C The termination of its life
D An unfavourable economic climtate

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Question 133:

Governments impose import duties for the following reasons EXCEPT

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A To raise revenue for other services
B To act as a retaliatory measure against other governments
C To discourage the redistribution of income at home
D To protect home industries from external competition

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Question 134:

The use of coin-operated machines to sell goods is a form of

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A Personal selling
B Retailing
C Wholesaling
D Mail-order selling

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Question 135:

The element of the marketing mix are

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A Product promotion, place and price
B [personal selling, advertising and research
C Promotion, production, place and price
D Procurement, price, product and place

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