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.
The merger of two companies producing the same type of products is an example of
vertical integration
horizontal integration
lateral merger
an acquisition
Correct answer is B
No explanation has been provided for this answer.
Rights and obligations of directors
Objectives of the company
Amount of share capital
Limitation of liability of shareholders.
Correct answer is A
No explanation has been provided for this answer.
If a partnership deed is silent on how profits are to be shared, partners share profits
in the ratio of the value of business secured by each partner for the partnership
in the ratio of partner capital contributions
in an equal proportion irrespective of partners's capital contributons
according to duties performed by each partner
Correct answer is C
No explanation has been provided for this answer.
Construction activities include the building of houses and roads as well as
brick laying
shoe making
black smithing
car assembling
Correct answer is A
No explanation has been provided for this answer.
In which of the following sets of occupations can an industrial worker be found?
extraction commerce and construction
manufacturing extraction and banking
construction, quarrying and insurance
manufacturing , extraction and construction
Correct answer is D
No explanation has been provided for this answer.