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 public limited company wishing to obtain more capital may have to
apply for subvention
buy treasury bills
buy second-hand securities
issue debentures
Correct answer is D
No explanation has been provided for this answer.
A business unit in which profits are shared on the basis of members' patronage is known as
partnership
public limited company
Co-operative society
private limited company
Correct answer is C
No explanation has been provided for this answer.
Which of the following enables people to consume a variety of goods and services?
Labour
Capital
Land
Exchange
Correct answer is D
No explanation has been provided for this answer.
Which of the following refers to all the resources used in creating utilities?
Fixed capital
Factors of production
Enterpreneurship
Labour
Correct answer is B
No explanation has been provided for this answer.
Which of the following brings about specialization?
Recruitment of staff
Division of labour
Business resource
Employer of labour
Correct answer is B
No explanation has been provided for this answer.