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 difference between a private are public limited liability company is that the former
Is unable to declare and pay dividend.
Has a higher number of share holder
Is unable to offer shares to the public.
pays higher salaries to its member
Correct answer is C
Private limited liability company do not issue shares to the public while public limited liabilities company does allow members of the public to subscribe to its shares.
The external environmental factors that affect a business cooperation are
Economic, Social and legal
Political, Culture and Labour
Competition, Labour and Political
Competition, Industry and Product.
Correct answer is A
These Economic, social and legal elements affect the operation of business externally. If a business wants to be successful in the marketplace, it is necessary for them to fully understand what factors exert impact on the development of their enterprise.
The forum for the selling and buying of securities of small and medium companies is called.
Securities and Exchange Commission
Second tier Security Market
Foreign exchange Market
Second tier foreign Exchange market
Correct answer is B
Second-Tier Securities Market (SSM); A second market established by The Stock Exchange in Lagos in 1985 to list the securities of smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange.It is a market for buying and selling shares of small and medium scale companies,
The development of commercial activate in Nigeria was harnessed by
A good storage system
Availability of market
Increase in production
Activities
Correct answer is A
A good storage system makes it possible for goods produced ahead of time to be stored until they are needed.
In the permanent storage device, DASD means
Data Access Systems Device
Direct Access Systems Device
Data Access Storage Device
Direct Access Storage Device
Correct answer is D
DASD means direct-access storage device (DASD). It is another name for secondary storage devices that store data in discrete locations with a unique address, such as hard disk drives, optical drives, and most magnetic storage devices.