question In commerce what does the term collusion refer to

In commerce, what is the function of accounting?

A. Buying and selling goods
B. Record-keeping and financial reporting
C. Market research
D. Human resource management

What is the purpose of fiscal policy in commerce?

A. Regulating money supply
B. Managing government expenditure and taxation
C. Controlling inflation
D. Facilitating international trade

What is the primary function of the Central Bank in a country's commerce?

A. Managing foreign affairs
B. Regulating and controlling the money supply and monetary policy
C. Market research
D. Consumer protection

What is the primary focus of macroeconomics in commerce?

A. Aggregate economic indicators
B. Individual economic entities
C. Market trends
D. Consumer behavior

In commerce, what does the term "capital" refer to?

A. Physical goods and services
B. Money invested in business for production
C. Human resources
D. Marketing strategies

What does the term "invisible hand" signify in economic theory?

A. Government intervention in the market
B. Natural market forces guiding economic decisions
C. Monopoly power
D. Unregulated business practices

Which economic system is characterized by private ownership of the means of production?

A. Capitalism
B. Socialism
C. Communism
D. Mixed economy

In commerce, what is the role of the World Bank?

A. Providing financial aid and development assistance to countries
B. Regulating international trade
C. Controlling inflation
D. Facilitating diplomatic relations

Which of the following is a component of commerce that involves buying and selling of goods?

A. Accounting
B. Marketing
C. Finance
D. Management

What is the primary objective of commerce?

A. Profit maximization
B. Wealth creation
C. Value addition
D. Market dominance

Commerce MCQS - QUESTION DETAILS

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