Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
What is NOT the function of an entrepreneur?
bearing risks
deciding on tax to pay
deciding what to produce
organizing other factors
providing initial capital
Correct answer is B
No explanation has been provided for this answer.
buying and selling of goods and services
exchange and distribution of goods and services
life-blood of every nation
production of utilities
trade and all the services which assist trade
Correct answer is B
No explanation has been provided for this answer.
The Articles of Association of a company do NOT contain
a method of dealing with any alterations in the amount of capital
a method of sharing profits and the payment of dividends
a procedure for calling general meeting/method of voting
the amount of the authorized capital, showing its division into shares
the issue, transfer and forfeiture of shares
Correct answer is A
No explanation has been provided for this answer.
The feature of a supermarket is
having central control from head-office
sales common household goods
sales of goods without owning shops
similarity in shops’ frontages
that there are many shops under a roof
Correct answer is B
No explanation has been provided for this answer.
corporation
industrialization
nationalization
participation
privatization
Correct answer is C
No explanation has been provided for this answer.