Search Header Logo

Commerce Questions for SS1 to SS3

Authored by Rosemary Ekechi

Business

12th Grade

Commerce Questions for SS1 to SS3
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of commerce?

To produce goods and services

To distribute goods and services

To facilitate the exchange of goods and services

To provide services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a retailer?

Manufacturer

Wholesaler

Consumer

Shopkeeper

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the movement of goods from one place to another?

Transportation

Storage

Insurance

Communication

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a document used in commerce?

Invoice

Receipt

Both A and B

Neither A nor B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of insurance in commerce?

To facilitate trade

To provide finance

To protect against loss or damage

To transport goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of bank account?

Current account

Savings account

Both A and B

Neither A nor B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a cheque?

A document that shows payment has been made

A document that orders a bank to pay a certain amount

A document that shows goods have been delivered

A document that shows goods have been ordered

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?