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.
discounted value
stock value
face value
par value
Correct answer is C
No explanation has been provided for this answer.
When a company uses more of loans than equity to finance its business, the company is said to be
bankrupt
solvent
highly geared
in a strong liquid position
Correct answer is C
No explanation has been provided for this answer.
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
creditors
debtors
directors
shareholders
Correct answer is A
No explanation has been provided for this answer.
The main advantage of a sole trader is the freedom to
employ anyone he likes
seek advice from any source
take quick decisions
plough all the profits back into the business
Correct answer is C
No explanation has been provided for this answer.
One of the implications of the incorporation of a company is that
it is more difficult for the company to raise loans
the company can sue but cannot be sued
the company's property becomes distinguished from that of its members
its members become liable for all the debts of the company
Correct answer is C
No explanation has been provided for this answer.