cameroon gce advanced level 2025 commerce en finance 1
cameroon gce advanced level 2025 commerce en finance 1
Business Studies: Multiple Choice Questions
- An aid to trade that helps to reduce scarcity of goods is:
- A) Logistics
- B) Transport
- C) Insurance
- D) Warehousing
- In which stage of production do we classify the distribution of goods and services?
- A) Tertiary
- B) Secondary
- C) Primary
- D) Quaternary
- What is the main purpose of an invoice in home trade?
- A) To confirm delivery of goods
- B) To show payment has been made
- C) To request payment for goods sold
- D) To inform about shipping details
- A large scale retail shop which is located at the outskirt of town with parking space is called:
- A) Super Market
- B) Multiple shop
- C) Mail Order Firms
- D) Hypermarket
- A business owned and managed by members of a community is called:
- A) Public Corporations
- B) Co-operative Societies
- C) Municipal Undertakings
- D) Limited Liability Companies
- X, Y and Z are partners in a firm with the following capital contributions: X FCFA 100,000, Y FCFA 80,000 and Z FCFA 60,000. If the total profit is FCFA 240,000, how much will Y receive if profits are shared in proportion to capital contribution?
- A) FCFA 80,000
- B) FCFA 60,000
- C) CFA 96,000
- D) FCFA 100,000
- A major benefit of a Sole Proprietorship is:
- A) Easy to raise large capital
- B) Flexibility in decision making
- C) Limited liability
- D) Continuity in business
- Public limited company can commence business after obtaining which of the following document:
- A) Memorandum of Association
- B) Certificate of Incorporation
- C) Certificate of Trading
- D) Act of Parliament
- A major reason for privatisation is to:
- A) Reduce efficiency and production
- B) Increase government control
- C) Decrease competition
- D) Raise government revenue
- Consumers can protect themselves by applying:
- A) Legislation
- B) Labelling
- C) Caveat emptor
- D) Uberrimae fides
- What is considered as an example of an “unfair trade practice”?
- A) Offering discount on products
- B) Giving accurate prices on goods
- C) Misleading advertising about products
- D) Offering description of products
- An INCOTERM which requires the seller to arrange and pay for the transport and insurance of goods up to the port of destination is:
- A) Free On Board
- B) Cost, Insurance and Freight
- C) Excluding Works
- D) Free Carrier
- A document issued by custom officials in a foreign country to importers to prevent tax evasion is a:
- A) Consular invoice
- B) Certificate of origin
- C) Bill of lading
- D) Cargo manifest
- An entry strategy into a foreign market using a partner’s distribution network is called:
- A) Exporting
- B) Licensing
- C) Piggy-backing
- D) Franchising
- Determine the current account balance of a country’s transaction for the period: Visible export FCFA 50 billion, Visible import FCFA 25 billion, Net invisible balance FCFA -10 billion.
- A) FCFA 15 billion
- B) FCFA 25 billion
- C) FCFA -10 billion
- D) FCFA -50 billion
