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.
Which of the following ancillary services makes it possible for goods to be where they are required?
Communication
Banking
Transportation
Insurance
Correct answer is C
Transportation is among the more vital economic activities for a business. By moving goods from locations where they are sourced to locations where they are demanded, transportation provides the essential service of linking a company to its suppliers and customers.
A firm on the stock exchange which agrees to buy shares not bought after a public offer is
a broker
a stag
a jobber
an underwriter
Correct answer is C
A jobber is a principal or wholesaler who dealt only on the Stock Exchange with brokers, not directly with the public.
Which of the following is not a function of a retailer?
Providing after sales services
Stocking variety of goods
Selling in small unites to the consumers
Financing manufacturers
Correct answer is D
A retailer performs the dual functions of buying and assembling of goods. The responsibility of a retailer is to identify the most economical source for obtaining the goods from the suppliers and passing on the advantages to the consumer. The retailers perform the functions of warehousing and storing. However it does not include Financing manufacturers
The publication of facts from a firm's product is called
merchandizing
exhibition
feature articles
mass advertising
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not contained in a deed of partnership?
Names and addresses of partners
Ratio for sharing profits and losses
Investment of each partner
Rate of taxation
Correct answer is D
A deed of partnership usually contains the following information and regulations: Fundamental details about the partnership such as its business name, the names of its members (partners), business address and the type of the business activities conducted. The amount of capital invested by each partner.