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 goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay
#1,725.00
#1,425.00
#1,275.00
#1,225.00
#1,200.00
Correct answer is C
No explanation has been provided for this answer.
#5,900
#1,900
#1,100
#900
#100
Correct answer is C
No explanation has been provided for this answer.
Who among the following has no right of ownership to a business organization?
Shareholder
Enterpreneur
Partner
Debenture holder
Sole-proprietor
Correct answer is D
No explanation has been provided for this answer.
The imposition of high tariff on imported goods by the customs authority is to
protect businessmen
encourage imports
encourage the consumption of foreign goods
discourage exports
protect infant industries
Correct answer is E
No explanation has been provided for this answer.
Assets of a business which cannot easily be changed into cash are known as
floating capital
fixed capital
working capital
paid-up capital
current capital
Correct answer is B
No explanation has been provided for this answer.