Commerce

Commerce

12th Grade

50 Qs

quiz-placeholder

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Commerce

Commerce

Assessment

Quiz

Others

12th Grade

Medium

Created by

Olawoye Mayowa

Used 1+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The primary purpose of commerce is to:

Produce goods

Sell products

Facilitate trade and distribution

Employ people

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade that involves the buying and selling of goods and services within a country is called:

International trade

Foreign trade

Domestic trade

Retail trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a commercial activity is:

Teaching

Road construction

Selling goods

Planting crops

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between wholesale and retail trade is that wholesalers:

Sell directly to consumers

Sell to retailers

Produce goods

Sell at higher prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a function of the stock exchange?

Manufacturing goods

Supervising banks

Providing a market for trading shares

Managing insurance claims

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership can have a maximum of:

5 partners

20 partners

50 partners

Unlimited partners

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One major advantage of a sole proprietorship is:

Limited liability

Large capital base

Total control by the owner

High tax rate

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