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.

1,262.

Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?

A.

Consortium

B.

Trade Association

C.

Consumer Association

D.

Holding company

Correct answer is C

No explanation has been provided for this answer.

1,263.

A company is said to be insolvent when

A.

it makes a loss in any one year

B.

its total liabilities exceed total assets

C.

the ordinary shareholders recieve no dividend from the company

D.

the preference shareholders could not be paid by the company

Correct answer is B

No explanation has been provided for this answer.

1,264.

The document which regulates the operations of a partnership is known as

A.

Deed

B.

Articles of Association

C.

Prospectus

D.

Certificate of trading

Correct answer is A

No explanation has been provided for this answer.

1,265.

The safe keeping of goods from the point of production to the time they are needed is

A.

standardizing

B.

warehousing

C.

hoarding

D.

stock controlling

Correct answer is B

No explanation has been provided for this answer.