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Questions and Answers
What is commerce?
What is commerce?
- The transportation of goods from producers to consumers
- The process of manufacturing goods for sale
- The organized system of activities contributing to the distribution of goods and services (correct)
- The exchange of goods and services for personal use
What factors give rise to commercial exchanges?
What factors give rise to commercial exchanges?
- Economic inflation and deflation
- Government regulations and policies
- Diversity in natural resources, human needs, division of labor, and comparative advantage (correct)
- Technological advancements and globalization
What does trade involve?
What does trade involve?
- Manufacturing of goods for sale
- Transportation of goods from one place to another
- Storage of goods in warehouses
- Exchange of goods and services between buyers and sellers for a price (correct)
What does commerce consist of?
What does commerce consist of?
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How is trade categorized?
How is trade categorized?
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What is the purpose of terminal exams?
What is the purpose of terminal exams?
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What do the Second terminal/Mid Term exam question papers provide for First year Higher Secondary students?
What do the Second terminal/Mid Term exam question papers provide for First year Higher Secondary students?
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What is the purpose of providing answer keys along with the question papers?
What is the purpose of providing answer keys along with the question papers?
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Who will benefit from downloading the question papers and answer keys?
Who will benefit from downloading the question papers and answer keys?
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Where can the question papers and answer keys be downloaded from?
Where can the question papers and answer keys be downloaded from?
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