Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,256.

Which of the following is a contract of carriage and a document of title?

A.

indent

B.

Bill of lading

C.

Pro forma invoice

D.

is allowed to borrow from commercial banks

Correct answer is B

No explanation has been provided for this answer.

1,257.

A major advantage of the private company over a partnership is that the private company

A.

can sell shares

B.

has limited liability

C.

can publish its account

D.

is allowed to borrow from commercial banks

Correct answer is B

No explanation has been provided for this answer.

1,258.

Which of the following documents is used to advertise shares to the public?

A.

Letter of allotment

B.

Articles of association

C.

Memorandum of asscociation

D.

Prospectus

Correct answer is D

No explanation has been provided for this answer.