O Level Commerce Quiz- Updated 2023 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 → secondary → primary primary → commercial → secondary primary → secondary → commercial commercial → primary → secondary 3. Which is not an advantage of specialisation? craftsmanship is developed quality of goods is improved prices of goods are reduced more goods are produced 4. Which is a producer good? Tractor Car Television Umbrella 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 entry lading exchange carriage 8. What is not considered when calculating the balance of trade? entry fees paid by tourists value of goods exported duty paid for imported goods value of goods imported 9. Which action is taken to correct an unfavourable balance of payment? remove import quotas import more goods reduce customs duty reduce foreign currency allocation 10. Which document is used to request payment from customers? delivery note order form advice note statement of account 11. A wholesale formed by farmers is a co-operative wholesale society cash and carry wholesaler general wholesaler specialist wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? fix the prices of goods establish consumer shops test goods for quality advise consumers of best buys 13. Trade Measures Act deals with quality of goods prices of goods value of goods weight of goods 14. Which is not true of Private Limited Companies and Public Limited Companies? both have limited liability both sell shares at the stock exchange both have a minimum of two shareholders both are financed by 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|2022-09-15T12:29:40+02:00January 24th, 2023|Commerce Exams, Exams, Ordinary Level Exams|Comments Off on O Level Commerce Quiz- Updated 2023 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 June 2008 Business Studies Paper 1 (Without Answers)- Updated 2023 June 2008 Business Studies Paper 1 (Without Answers)- Updated 2023 AS A Level Geography Quiz: Storm Hydrographs- Updated 2023 Gallery AS A Level Geography Quiz: Storm Hydrographs- Updated 2023 June 2008 Business Studies Paper 2 (Without Answers)- Updated 2023 June 2008 Business Studies Paper 2 (Without Answers)- Updated 2023 The Enterprising Environment Quiz- Updated 2023 Gallery The Enterprising Environment Quiz- Updated 2023 June 2014 A Level Business Studies Paper 2 Page 1 (Without Answers)- Updated 2023 June 2014 A Level Business Studies Paper 2 Page 1 (Without Answers)- Updated 2023