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? primary → secondary → commercial commercial → primary → secondary primary → commercial → secondary commercial → secondary → primary 3. Which is not an advantage of specialisation? prices of goods are reduced more goods are produced quality of goods is improved craftsmanship is developed 4. Which is a producer good? Television Car Tractor Umbrella 5. The reward for enterprise is Wages Rent Profit Interest 6. The purpose of an indent is to state the goods insured goods available goods required goods delivered 7. The document used when goods are transported by sea is a bill of exchange carriage entry 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? import more goods reduce customs duty reduce foreign currency allocation 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 general wholesaler cash and carry wholesaler specialist wholesaler co-operative wholesale society 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? test goods for quality fix the prices of goods establish consumer shops advise consumers of best buys 13. Trade Measures Act deals with quality of goods value of goods prices of goods weight 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 November 2013 Commerce Paper 2- Updated 2024 November 2013 Commerce Paper 2- Updated 2024 O Level Science Weekly Quiz- Updated 2024 Gallery O Level Science Weekly Quiz- Updated 2024 November 2012 Economics Paper 3 (Without Answers)- Updated 2024 November 2012 Economics Paper 3 (Without Answers)- Updated 2024 O Level Biology Weekly Quiz- Updated 2024 Gallery O Level Biology Weekly Quiz- Updated 2024 June 2007 Business Studies Paper 1 (Without Answers)- Updated 2024 June 2007 Business Studies Paper 1 (Without Answers)- Updated 2024