(a)Buying and selling of goods and services only(b)All of the activities in the distribution and exchange of goods and services(c)All activities involved in the production of goods and services(d)The transporting and warehousing of goods only
EXPLANATION:The essence of commerce is to move goods from the POINT OF PRODUCTION to the point of consumption and that is exactly what exchange and distribution is all about
The types of occupation that a broker belongs to is
EXPLANATION: Who is a Broker? A broker is an INDIVIDUAL or FIRM that acts as an intermediary between an investor and a securities exchange.
All of the other occupations have one thing in common- Tangible goods are traded
Extraction: Mineral resources (Tangible) Manufacturing: Commodities (Tangible) Construction: Buildings(Tangible) Broker: Service (Inangible)
What is Commercial Occupation? Commercial Occupation entails all activities that embraces distribution and exchange of goods produced
N.B Securities exchanges only accept orders from individuals or firms who are members of that exchange, individual traders and investors need the services of exchange members.
Brokers provide that service and are compensated in various ways, either through commissions, fees or through being paid by the exchange itself.
You'll have 60 seconds to answer each question.
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