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.
An active partner
a limited partner
A dormant partner
a nominal partner
Correct answer is A
An active partner is an invested person who is involved in the daily operations of the partnership. An active partner helps run the business to enhance his or her returns and is therefore considered a material participant.
The part of authorized capital of a company sold to shareholders is
paid-up capital
called-up capital
issued capital
nominal capital
Correct answer is A
No explanation has been provided for this answer.
The issue of Certificate of Incorporation to a company means that it has
started production
legally come into being
appointed a board of directors
merged with another company
Correct answer is B
No explanation has been provided for this answer.
One of the functions of a central bank is to
perform supervisory role among all the banks in the country
provide the means of payment to individuals
ensure the smooth transfer of shares
accept private deposits
Correct answer is A
No explanation has been provided for this answer.
A system of buying goods by an agent where the supplier is determined by the principal is
tied shop
closed shop indent
open indent
ring trading
Correct answer is C
No explanation has been provided for this answer.