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 → secondary → commercial commercial → secondary → primary primary → commercial → secondary 3. Which is not an advantage of specialisation? craftsmanship is developed prices of goods are reduced more goods are produced quality of goods is improved 4. Which is a producer good? Tractor Car Umbrella Television 5. The reward for enterprise is Rent Wages Interest Profit 6. The purpose of an indent is to state the goods required goods delivered goods available goods insured 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? duty paid for imported goods entry fees paid by tourists value of goods imported value of goods exported 9. Which action is taken to correct an unfavourable balance of payment? import more goods remove import quotas reduce foreign currency allocation reduce customs duty 10. Which document is used to request payment from customers? delivery note statement of account order form advice note 11. A wholesale formed by farmers is a specialist wholesaler co-operative wholesale society general wholesaler cash and carry wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? establish consumer shops test goods for quality advise consumers of best buys fix the prices of goods 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 a minimum of two 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 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