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Commerce Past Questions and Answers

Commerce Questions

Question 131:
Commerce is defined as the study of how
  • A Man utilizes the resources in his physical environment
  • B Man produces, distributes and consumes his goods and services
  • C Man buys, sells and distributes goods and services
  • D Raw materials are changed into finished goods
View Answer & Explanation
Question 132:
Commerce is defined as the study of how
  • A Man utilizes the resources in his physical environment
  • B Man produces, distributes and consumes his goods and services
  • C Man buys, sells and distributes goods and services
  • D Raw materials are changed into finished goods
View Answer & Explanation
Question 133:
The type of activity which turns processed raw materials into consumer and industrial goods is described as
  • A Extractive
  • B Manufacturing
  • C Constructive
  • D Processing
View Answer & Explanation
Question 134:
The production process that combines two or more raw materials into one end product is
  • A Conditioning
  • B Blending
  • C Merging
  • D Synthesis
View Answer & Explanation
Question 135:
A demonstration of social responsibility by a business is the payment of
  • A Taxes to government
  • B Dividends to shareholders
  • C Interests on loans
  • D Premium on insurance
View Answer & Explanation