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 completion of the production process by grading and branding of goods is a function of the
transporter
wholesaler
retailer
consumer
Correct answer is B
Many wholesalers sort out goods according to size, shape, quality, etc. They break the goods into small lots, repack them and put their own brand names. In this way, they perform the functions of packing, branding and grading.
Which of the following pieces of information would be found in a typical debit note
Customer code
Date of invoice
Brief reason for the debit
E & O.E
Correct answer is C
No explanation has been provided for this answer.
individual's right to be issued shares n subscription
right of shareholders to voteon issues
preferntial right to returns on shares
shares offered to existing shareholders at a cheaper price
Correct answer is D
Right isues is an issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares.
cooperative society
partnership
public limited company
credit union
Correct answer is B
A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities.
Liquid capital in a business means the
movable assets of the business
authorised capital
issued capital
assets easily convertible to cash
Correct answer is D
Liquid capital, or fluid capital is a readily convertible asset, such as money or other bearer economic instruments, as opposed to a long term asset like real estate. It is the asset that is easily converted to cash