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.
Which of the following is not included in the Memorandum of Association?
Winding up procedure
Objectives of the company
Address of the registered office
Amount of capital
Conditions for amendment of the memorandum
Correct answer is A
No explanation has been provided for this answer.
A partner who does not play an active role in a business but contributes capital is a
secret partner
dormant partner
nominal partner
limited partner
general partner
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an advantage of personal selling?
Immediate feedback
Low cost
Self service
Speedy market coverage
Selling to many people at a time
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an element of a contract?
Consideration
Probability
Legality
Capacity
Consensus
Correct answer is B
No explanation has been provided for this answer.
Which of the following is suitable for transporting fish a long distance?
Tramp
Cargo liner
Tanker
Barge
Refrigerated ship
Correct answer is E
No explanation has been provided for this answer.