O Level Commerce Quiz- Updated 2024 View Larger Image Commerce Multiple Choice Questions 1. In which stage of production is more value added to goods? secondary production subsistence production primary production direct production 2. Which is the correct order in the production process? commercial → secondary → primary primary → secondary → commercial primary → commercial → secondary commercial → primary → secondary 3. Which is not an advantage of specialisation? prices of goods are reduced more goods are produced quality of goods is improved craftsmanship is developed 4. Which is a producer good? Umbrella Car Television Tractor 5. The reward for enterprise is Rent Interest Profit Wages 6. The purpose of an indent is to state the goods delivered goods insured goods available goods required 7. The document used when goods are transported by sea is a bill of carriage entry lading exchange 8. What is not considered when calculating the balance of trade? value of goods exported duty paid for imported goods entry fees paid by tourists value of goods imported 9. Which action is taken to correct an unfavourable balance of payment? reduce foreign currency allocation import more goods reduce customs duty remove import quotas 10. Which document is used to request payment from customers? advice note order form statement of account delivery note 11. A wholesale formed by farmers is a co-operative wholesale society cash and carry wholesaler specialist wholesaler general wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? advise consumers of best buys fix the prices of goods establish consumer shops test goods for quality 13. Trade Measures Act deals with value of goods prices of goods quality of goods weight of goods 14. Which is not true of Private Limited Companies and Public Limited Companies? both have limited liability both have a minimum of two shareholders both are financed by shareholders both sell shares at the stock exchange 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|2022-09-15T12:29:40+02:00January 24th, 2023|Commerce Exams, Exams, Ordinary Level Exams|Comments Off on O Level Commerce Quiz- Updated 2024 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 2010 English Paper 1 (Without Answers)- Updated 2024 November 2010 English Paper 1 (Without Answers)- Updated 2024 June 2009 Business Studies Paper 1 (Without Answers)- Updated 2024 June 2009 Business Studies Paper 1 (Without Answers)- Updated 2024 June 2015 A Level Business Studies Paper 1 (Without Answers)- Updated 2024 June 2015 A Level Business Studies Paper 1 (Without Answers)- Updated 2024 June 2009 Business Studies Paper 2 (Without Answers)- Updated 2024 June 2009 Business Studies Paper 2 (Without Answers)- Updated 2024 English Language Paper 1 November 2008 (Without Answers)- Updated 2024 English Language Paper 1 November 2008 (Without Answers)- Updated 2024