Question 1 of 8Production
A curated set of real ZIMSEC past paper questions with answers and explanations. The full question bank is in the Danho app.
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Which of the following contributes to the satisfaction of human wants?
A commercial worker
The effort to organise, co-ordinate and control other factors of production is referred to as
Which is not an advantage of division of labour?
Cheques are not legal tender because they
Which account allows withdrawals only after seven days' notice has been given?
What information appears on a specially crossed cheque but not on a generally crossed cheque?
The liquid assets of a commercial bank consist of
Which risk would an insurance company accept to cover?
In which case would the principle of proximate cause prevent the insured from being compensated?
What are the three stages in production?
What is a disadvantage of direct production?
Primary products such as coffee are distributed through
In which trading outlet do members elect a management committee?
A specimen cheque drawn on Standard Chartered Bank by A. Axle, payable to Jim Cobra for $55 000,00 and dated 10 August 2002, carries a crossing marked "BARCLAYS BANK".
A specimen cheque drawn on Standard Chartered Bank by A. Axle, payable to Jim Cobra for $55 000,00 and dated 10 August 2002, carries a crossing marked "BARCLAYS BANK".
The second stage in the production of goods is
In Commerce, goods are usually classified into
The manufacturer's risks are increased if goods are produced
The diagram shows the layout of a supermarket, with black dots marking the areas beside the check-out points.
What are the three stages of production?
Which one is a result of specialisation?
The self-service system of retailing has expanded as a result of
The graph shows the values of exports and imports for a country during the period 1997 to 2001.
Goods required for personal use are called
Which are the three stages of production?
Which service is not part of tertiary production?
Which is an advantage of specialisation?
The diagram shows arrows labelled premiums flowing into a common fund and arrows labelled claims flowing out of it. What is represented in the diagram?
A system where a few individuals own the means of production is
A diagram of business units in the private sector branches into sole proprietor, partnership, private limited companies and X. What does X represent?
What is production, as commonly defined in Commerce?
Direct production occurs when...
Which of the following is an advantage enjoyed by multiple shops (chain stores) but not by small independent retailers?
How do small-scale retailers survive competition from large-scale retailers?
Which of the following is true of hire purchase but not of credit sale?
Which of the following is an advantage of advertising through radio rather than newspapers?
Why do manufacturers advertise their products?
What does the principle of insurable interest require?
A sewing machine valued at $20 000 was insured for $15 000 against theft. The machine was later stolen. Under the principle of average, what amount of compensation did the owner receive?
Secondary industry involves...
How does banking assist an exporter of tobacco?
Why do large-scale retailers buy directly from manufacturers rather than through wholesalers?
How do independent retailers survive competition from supermarkets?
Which of the following is a function of Customs and Excise Authorities?
What is meant by a 'premium' in insurance?
What does the principle of indemnity mean?
Secondary production is...
Which of the following is an advantage of mass production?
Which of the following is a characteristic of a mail order firm?
Why might a wholesaler be eliminated from the chain of distribution?
Indirect production occurs when...
How is a sugar manufacturer assisted by communication?
Which of the following is a characteristic of a supermarket?
Which measure can a sole trader take to survive competition from large retailers?
Which of the following is one of the two types of production?
Which of the following is a correct factor-of-production and reward pairing?
Which of the following is one of the two forms of production?
Which of the following best describes how Tobacco Auction Floors help Zimbabwean tobacco farmers?
Which of the following is a process carried out in a warehouse?
Consumer goods are best described as goods that are...
Which of the following is a stage of production?
Tertiary production involves...