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 fee which the bank charges for services rendered to their current account customers is
commission on turnover
bank rate
minimum lending rate
interest
Correct answer is C
No explanation has been provided for this answer.
The distribution of profits based upon the level of patronage in the business is a common feature of
partnership firms
public limited companies
co-operative societies
private limited companies
Correct answer is B
No explanation has been provided for this answer.
An advantage of a public limited company over a private one is the
limited liability of share holders
easy transferability of shares
access to retained earnings
less taxation by government
Correct answer is A
No explanation has been provided for this answer.
an industrial undertaking
creation of utility
earning one's daily bread
the changing of raw materials
Correct answer is B
No explanation has been provided for this answer.
Which of the following coordinates other factors of production to achieve set objectives?
Land
Labour
Enterpreneur
Capital
Correct answer is B
No explanation has been provided for this answer.