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 primary production subsistence production 2. Which is the correct order in the production process? commercial → primary → secondary primary → commercial → secondary commercial → secondary → primary primary → secondary → commercial 3. Which is not an advantage of specialisation? prices of goods are reduced quality of goods is improved more goods are produced craftsmanship is developed 4. Which is a producer good? Car Television Umbrella Tractor 5. The reward for enterprise is Interest Wages Profit Rent 6. The purpose of an indent is to state the goods available goods delivered goods insured goods required 7. The document used when goods are transported by sea is a bill of carriage entry exchange lading 8. What is not considered when calculating the balance of trade? entry fees paid by tourists value of goods imported value of goods exported duty paid for imported goods 9. Which action is taken to correct an unfavourable balance of payment? reduce customs duty reduce foreign currency allocation import more goods remove import quotas 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 co-operative wholesale society cash and carry wholesaler general wholesaler specialist wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? establish consumer shops test goods for quality fix the prices of goods advise consumers of best buys 13. Trade Measures Act deals with weight of goods value of goods prices 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 have limited liability 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 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 The Enterprising Environment Quiz- Updated 2024 Gallery The Enterprising Environment Quiz- Updated 2024 June 2014 A Level Business Studies Paper 2 Page 1 (Without Answers)- Updated 2024 June 2014 A Level Business Studies Paper 2 Page 1 (Without Answers)- Updated 2024