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.
A very effective way of resisting the producer's exploitation is to
ban the producer
campaign against the company
form consumer's association
form a trade union
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a duty of the Employers Association?
procuring raw materials at regular intervals
establishing a uniform wage scale
negotiating with the government on sites for firms
discharging workers when production is low
Correct answer is B
No explanation has been provided for this answer.
Dividend is always expressed as a percentage of total
earnings of a business
value of shares owned
working capital
volume of business
Correct answer is B
No explanation has been provided for this answer.
The working capital of a firm is calculated as
current assets minus current liabilities
current liabilities minus fixed assets
value of all assets
value of issued capital
Correct answer is A
No explanation has been provided for this answer.
An increase in the volume of sales is also an increase in
profit
turnover
fixed assets
owner's equity
Correct answer is B
No explanation has been provided for this answer.