SS2 third Term commerce past questions and answers

SS2 third Term commerce past questions and answers

20 more SS2 Commerce questions with options and answers:

Question: What is the role of a stock exchange in financial markets?

A) Regulate interest rates

B) Facilitate the buying and selling of securities

C) Control government spending

D) Determine exchange rates

Answer: B) Facilitate the buying and selling of securities

Question: What does the term "Monetary Policy" refer to?

A) Government spending on infrastructure

B) Control of the money supply and interest rates by a central bank

C) International trade agreements

D) Taxation policies

Answer: B) Control of the money supply and interest rates by a central bank

Question: Define the term "E-commerce."

A) Economic cooperation between countries

B) The exchange of goods and services through electronic means, typically the internet

C) Efficient communication within a business

D) Exclusive commerce for a specific region

Answer: B) The exchange of goods and services through electronic means, typically the internet

Question: What is the significance of a marketing mix (4Ps)?

A) Determine economic indicators

B) Analyze consumer behavior

C) Plan advertising campaigns

D) Manage product, price, place, and promotion for effective marketing

Answer: D) Manage product, price, place, and promotion for effective marketing

Question: In financial accounting, what does the term "Liquidity" refer to?

A) Ability to convert assets into cash quickly

B) Long-term financial stability

C) Total revenue minus total expenses

D) The value of fixed assets

Answer: A) Ability to convert assets into cash quickly

Question: What is the purpose of a marketing plan?

A) Monitor employee performance

B) Detail marketing goals, strategies, and tactics

C) Control production costs

D) Implement quality control measures

Answer: B) Detail marketing goals, strategies, and tactics

Question: Define the term "Entrepreneurship."

A) Economic planning by the government

B) The process of starting and running a business

C) Efficient resource allocation

D) Import and export regulations

Answer: B) The process of starting and running a business

Question: What is the purpose of a SWOT analysis in business strategy?

A) Calculate profit margins

B) Identify internal strengths and weaknesses, and external opportunities and threats

C) Control inflation

D) Establish pricing strategies

Answer: B) Identify internal strengths and weaknesses, and external opportunities and threats

Question: In financial markets, what is the function of a bond?

A) Represent ownership in a company

B) Provide a fixed income over a specified period

C) Facilitate international trade

D) Determine exchange rates

Answer: B) Provide a fixed income over a specified period

Question: What is the difference between a sole proprietorship and a partnership?

A) Both have unlimited liability

B) A sole proprietorship has one owner, while a partnership has two or more owners

C) A partnership is a larger business structure

D) Sole proprietorship has limited liability

Answer: B) A sole proprietorship has one owner, while a partnership has two or more owners

Question: Define the term "Brand Equity" in marketing.

A) The total assets of a company

B) The financial worth of a brand

C) The value a brand adds to a product, leading to increased customer preference

D) The quantity of goods a brand produces

Answer: C) The value a brand adds to a product, leading to increased customer preference

Question: What is the role of the World Bank in the global economy?

A) Set international trade agreements

B) Provide long-term financial assistance to developing countries for infrastructure projects

C) Regulate stock markets

D) Facilitate cultural exchange programs

Answer: B) Provide long-term financial assistance to developing countries for infrastructure projects

Question: Define the concept of "Opportunity Cost."

A) The total cost of production

B) The cost of goods and services in the market

C) The value of the best alternative forgone when a decision is made

D) The cost of marketing strategies

Answer: C) The value of the best alternative forgone when a decision is made

Question: What is the purpose of a mission statement in business?

A) Calculate profit margins

B) Set organizational goals and guide decision-making

C) Determine exchange rates

D) Implement quality control measures

Answer: B) Set organizational goals and guide decision-making

Question: In finance, what does the term "Diversification" mean?

A) Investing in a variety of assets to reduce risk

B) Focusing on a single investment for maximum returns

C) Determining exchange rates

D) Managing day-to-day expenses

Answer: A) Investing in a variety of assets to reduce risk

Question: What is the role of the Federal Trade Commission (FTC) in the United States?

A) Regulate interest rates

B) Enforce antitrust laws and protect consumers

C) Conduct foreign affairs

D) Control government spending

Answer: B) Enforce antitrust laws and protect consumers

Question: Define the term "Fiscal Policy" in economics.

A) Control of the money supply and interest rates

B) Government's use of taxation and spending to influence the economy

C) International trade agreements

D) Determining exchange rates

Answer: B) Government's use of taxation and spending to influence the economy

Question: What is the purpose of a cost-benefit analysis in decision-making?

A) Set organizational goals

B) Analyze the profitability of a business

C) Determine the best alternative by comparing costs and benefits

D) Regulate stock markets

Answer: C) Determine the best alternative by comparing costs and benefits

Question: In human resource management, what is the purpose of performance appraisals?

A) Control production costs

B) Evaluate employee job performance and provide feedback

C) Set organizational goals

D) Determine exchange rates

Answer: B) Evaluate employee job performance and provide feedback