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? direct production secondary production subsistence production primary production 2. Which is the correct order in the production process? commercial → primary → secondary commercial → secondary → primary primary → commercial → secondary primary → secondary → commercial 3. Which is not an advantage of specialisation? prices of goods are reduced more goods are produced craftsmanship is developed quality of goods is improved 4. Which is a producer good? Tractor Car Television Umbrella 5. The reward for enterprise is Profit Interest Wages Rent 6. The purpose of an indent is to state the goods available goods required goods insured goods delivered 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? value of goods exported value of goods imported duty paid for imported goods entry fees paid by tourists 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? advice note order form statement of account delivery note 11. A wholesale formed by farmers is a cash and carry wholesaler co-operative wholesale society specialist wholesaler general wholesaler 12. Which is a function of the Consumer Council of Zimbabwe (CCZ)? establish consumer shops fix the prices of goods advise consumers of best buys test goods for quality 13. Trade Measures Act deals with prices of goods value of goods weight of goods quality of goods 14. Which is not true of Private Limited Companies and Public Limited Companies? both sell shares at the stock exchange both have a minimum of two shareholders both are financed by shareholders 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) Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash number: Buy {{error_message}} {{error_message}} 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