O Level Commerce Quiz- Updated 2025 View Larger Image Commerce Multiple Choice Questions 1. In which stage of production is more value added to goods? primary production subsistence production direct production secondary production 2. Which is the correct order in the production process? commercial → primary → secondary commercial → secondary → primary primary → secondary → commercial primary → commercial → secondary 3. Which is not an advantage of specialisation? more goods are produced quality of goods is improved craftsmanship is developed prices of goods are reduced 4. Which is a producer good? Umbrella Car Television Tractor 5. The reward for enterprise is Profit Rent Interest Wages 6. The purpose of an indent is to state the goods delivered goods required goods insured goods available 7. The document used when goods are transported by sea is a bill of carriage lading entry exchange 8. What is not considered when calculating the balance of trade? value of goods exported entry fees paid by tourists duty paid for imported goods value of goods imported 9. Which action is taken to correct an unfavourable balance of payment? import more goods remove import quotas reduce customs duty reduce foreign currency allocation 10. Which document is used to request payment from customers? statement of account advice note delivery note order form 11. A wholesale formed by farmers is a general wholesaler cash and carry wholesaler co-operative wholesale society specialist wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? fix the prices of goods test goods for quality establish consumer shops advise consumers of best buys 13. Trade Measures Act deals with value of goods prices of goods weight of goods quality of goods 14. Which is not true of Private Limited Companies and Public Limited Companies? both sell shares at the stock exchange both are financed by shareholders both have limited liability both have a minimum of two shareholders Loading … To take more quizzes visit the Weekly Quiz page Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) By garikaib|2025-02-12T09:00:08+02:00February 12th, 2025|Commerce Exams, Exams, Ordinary Level Exams|Comments Off on O Level Commerce Quiz- Updated 2025 Share This Story, Choose Your Platform! FacebookTwitterEmail About the Author: garikaib He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world. Related Posts November 2007 Business Studies Paper 1 (Without Answers)- Updated 2025 November 2007 Business Studies Paper 1 (Without Answers)- Updated 2025 Advanced Level Specimen Papers: New Curriculum (November 2018 – )- Updated 2025 Gallery Advanced Level Specimen Papers: New Curriculum (November 2018 – )- Updated 2025 November 2007 Business Studies Paper 2 ( Without Answers)- Updated 2025 November 2007 Business Studies Paper 2 ( Without Answers)- Updated 2025 Answers To The Commerce Paper 1 (4049/01) Specimen Paper- Updated 2025 Gallery Answers To The Commerce Paper 1 (4049/01) Specimen Paper- Updated 2025 June 2008 Business Studies Paper 1 (Without Answers)- Updated 2025 June 2008 Business Studies Paper 1 (Without Answers)- Updated 2025