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.
If a company is described as "listed" it means
its shares can be traded on the stock exchange
It is about to be voluntarily liquidated
it is duly registered by the registrar of companies
it has been blacklisted
Correct answer is A
No explanation has been provided for this answer.
Notes and coins are legal tender because they are
printed by the Central Bank
backed by law
backed by gold
issued by all banks
Correct answer is B
No explanation has been provided for this answer.
Insurance is necessary because of the need to
pool resources together
meet uncertainties in future
make profit
lend money to individuals
Correct answer is B
No explanation has been provided for this answer.
Government can borrow money from the public through
the issuing of treasury bills
increasing taxation
increasing the lending rate
establishing more banks
Correct answer is A
No explanation has been provided for this answer.
Trade discount is given to the buyer for
prompt payment
credit purchase
cash purchase
retailer's mark-up
Correct answer is D
No explanation has been provided for this answer.