Commerce Questions and Answers

The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. There are for well established large scale. companies. while the Second-Tier Securities Market (SSM) is a second market established by The Stock Exchange 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. This means the first tier is more strict and restricted in their activities than the second-tier.

Option C is the correct because joint ventures are established in order to accomplishment a specific purpose. The ventures cease to operate once the purpose is accomplished.

Option D is the correct answer because a family doctor is rendering a private service to the family and paid for by the family. Options A, B and C are not correct because the service they rendered is paid for by the government from taxes paid by member of the public

an invoice is a document sent by the seller to the buyer showing the full details of gods sold such as quantity, description, price, discount and the total amount t o be paid.

Of the 100 million shares, 50 million has been issued and fully paid, this means that the remaining part of the shares has not been issued.