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.
taxation
quotas
specialization
good supervision
Correct answer is C
No explanation has been provided for this answer.
A private limited company differs from a public limited company because it
offers rights issues to existing shareholders
has a separate entity from the owners
cannot easily transfer shares
declares dividend
Correct answer is C
No explanation has been provided for this answer.
Which of the following features is common to all retailers
Operating as sole-proprietors
Selling to the final consumers
Operating with small capital
Selling on hire purchase to consumers
Correct answer is B
Standing as the last man who sells directly to consumers is one of the functions applicable to almost all retailers.
The internal regulations of a limited company are stated in the
Memorandum of Association
Certificate of Incorporation
Articles of Association
Share certificate
Correct answer is C
The article of association clearly states the activities and regulations that will bind and guide the internal dealings of a company
The document which helps to determine the country from where goods were imported is
bill of lading
ship's manifest
certificate of origin
certificate of trading
Correct answer is C
A certificate of origin is simply a document that states where the product was produced, manufactured, or processed.