O Level Commerce Quiz View Larger Image Commerce Multiple Choice Questions 1. In which stage of production is more value added to goods? subsistence production primary production secondary production direct production 2. Which is the correct order in the production process? primary → commercial → secondary commercial → secondary → primary commercial → primary → secondary primary → secondary → commercial 3. Which is not an advantage of specialisation? more goods are produced craftsmanship is developed quality of goods is improved prices of goods are reduced 4. Which is a producer good? Tractor Television Car Umbrella 5. The reward for enterprise is Interest Rent Wages Profit 6. The purpose of an indent is to state the goods delivered goods insured goods required goods available 7. The document used when goods are transported by sea is a bill of carriage exchange lading entry 8. What is not considered when calculating the balance of trade? entry fees paid by tourists duty paid for imported goods value of goods exported value of goods imported 9. Which action is taken to correct an unfavourable balance of payment? remove import quotas reduce foreign currency allocation reduce customs duty import more goods 10. Which document is used to request payment from customers? order form delivery note statement of account advice note 11. A wholesale formed by farmers is a general wholesaler specialist wholesaler co-operative wholesale society cash and carry wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? test goods for quality advise consumers of best buys fix the prices of goods establish consumer shops 13. Trade Measures Act deals with prices of goods value of goods quality of goods weight of goods 14. Which is not true of Private Limited Companies and Public Limited Companies? both are financed by shareholders both have limited liability both sell shares at the stock exchange 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) Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash number: Buy {{error_message}} {{error_message}} By garikaib|2020-08-24T09:43:56+02:00August 24th, 2020|Commerce Exams, Exams, Ordinary Level Exams|Comments Off on O Level Commerce Quiz 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 The Enterprising Environment Quiz Gallery The Enterprising Environment Quiz AS A Level Geography Quiz: Storm Hydrographs Gallery AS A Level Geography Quiz: Storm Hydrographs Answers To The Commerce Paper 1 (4049/01) Specimen Paper Gallery Answers To The Commerce Paper 1 (4049/01) Specimen Paper Advanced Level Specimen Papers: New Curriculum (November 2018 – ) Gallery Advanced Level Specimen Papers: New Curriculum (November 2018 – ) Ordinary Level Specimen Papers: New Curriculum (November 2018 – ) Gallery Ordinary Level Specimen Papers: New Curriculum (November 2018 – )