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 direct production subsistence production primary production 2. Which is the correct order in the production process? primary → secondary → commercial commercial → primary → secondary primary → commercial → secondary commercial → secondary → primary 3. Which is not an advantage of specialisation? quality of goods is improved craftsmanship is developed prices of goods are reduced more goods are produced 4. Which is a producer good? Umbrella Television Tractor Car 5. The reward for enterprise is Rent Wages Interest Profit 6. The purpose of an indent is to state the goods insured goods required goods available goods delivered 7. The document used when goods are transported by sea is a bill of lading carriage entry exchange 8. What is not considered when calculating the balance of trade? value of goods imported duty paid for imported goods value of goods exported entry fees paid by tourists 9. Which action is taken to correct an unfavourable balance of payment? import more goods reduce foreign currency allocation reduce customs duty remove import quotas 10. Which document is used to request payment from customers? statement of account order form delivery note advice note 11. A wholesale formed by farmers is a cash and carry wholesaler specialist wholesaler general wholesaler co-operative wholesale society 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? fix the prices of goods establish consumer shops advise consumers of best buys test goods for quality 13. Trade Measures Act deals with prices of goods value of goods weight of goods quality of goods 14. Which is not true of Private Limited Companies and Public Limited Companies? both have a minimum of two shareholders both are financed by shareholders both sell shares at the stock exchange both have limited liability 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 2007 Business Studies Paper 2 ( Without Answers)- Updated 2024 November 2007 Business Studies Paper 2 ( Without Answers)- Updated 2024 Answers To The Commerce Paper 1 (4049/01) Specimen Paper- Updated 2024 Gallery Answers To The Commerce Paper 1 (4049/01) Specimen Paper- Updated 2024 June 2008 Business Studies Paper 1 (Without Answers)- Updated 2024 June 2008 Business Studies Paper 1 (Without Answers)- Updated 2024 AS A Level Geography Quiz: Storm Hydrographs- Updated 2024 Gallery AS A Level Geography Quiz: Storm Hydrographs- Updated 2024 June 2008 Business Studies Paper 2 (Without Answers)- Updated 2024 June 2008 Business Studies Paper 2 (Without Answers)- Updated 2024