Ordinary level 2024 North West mock commerce 1
Ordinary level 2024 North West mock commerce 1
) Which of the ancillaries to trade assist business
people through credits?
A) Warehouse
B) Communication
C) Banking
D) Insurance__ÿ
2) The factor that promotes the growth of Commerce
is:
A) Adequate capital
B) Low per capital income
C) Lack of financial facilities
D) Poor transport network
3) Which department in an enterprise takes care of
workers welfare?
A) Purchases department
B) Personnel department
C) Accounting department
D) Stores department
4) The following are classifications of an enterprise ‘
EXCEPT:
A) Location
B) Ownership
C) Size
D) Property.
5) The managerial resources refers to:
A) Land
B) Labour
C) Entrepreneur
D) Capital_ _
6) A partner who has retired from the partnership but„
left his capital as a loan is called:
A) Quasi partner
B) Active partner
C) Limited partner
D)Nominal partner._
7) A document that gives a company legal personality
and brings it into existence is:
A) Trading certificate
B) Certificate of incorporation
C) Prospectus
D) Memorandum of association_
8) Taking over of a former privately owned industry by
the state is known as:
A) Privatization
B) Annexation
C) Nationalization
D) Naturalization_
9) The following are advantages of public corporation
except:
A) Much capital for expansion
B) Inefficiency
C) Creation of employment
D) Provision ofessential goods and services._
10) A document that gives a summary of businessÿ) ÿ
transactions with the seller is known as: ÿ
A) Invoice
B) Bank statement of Account
C) Statement of Account
D) Profoma invoice._
1 1) A foreign order to an agent to buy goods from any
manufacturer is called:
A) Open indent
B) Indent
C) Closed indent
D) Consular invoice_
12) The document used when the seller is unwilling to
give credit is:
A) Promissory note
B) Credit sales invoice
C) Consular invoice
D) Proforma invoice__
13) In one of the following documents, the drawer is
the payee:
A) Bill of Exchange
B) Cheque
C) Promissory note
D) Invoice_
14) The document made when the customer is under
changed is called -:
A) Credit note
B) Debit note
C) Delivery note
D) Consignment note._
15) One of the following retail outlets is controlled by
an expert ‘buyer’:
A) Supermarket
B) Hypermarket
C) Department stores
D) Multiple shops__
16) Which of the following has a unique design and
located all over the country?
A) Supermarket
B) Hypermarket
C) Departmental stores
D) Multiple stores
17) An agent that takes possessions of goods and
guarantees goods sold on credit is known as:
A) Factor
B) Del eredere
C) Broker
D) Auctionce.__
