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.
An association of businessmen engaged in both commerce and industry is called
trade association
Trade union
chamber of commerce
trust
cartel
Correct answer is C
No explanation has been provided for this answer.
customs drawback
ad valorem duty
specific tax
value added tax
tariff
Correct answer is D
No explanation has been provided for this answer.
a constructive loss
a partial loss
a general average lossa total loss
an actual total loss
Correct answer is C
No explanation has been provided for this answer.
Small scale retail attracts a lot of new enterpreneurs in West Africa because
many people have had good training in retail trade
it is easy to succeed with the business
banks are always ready to lend retailers
only a small amouynt of capital is needed to start the business
government exempts retailers from paying tax
Correct answer is D
No explanation has been provided for this answer.
The document issued to a newly formed public company to commence business is called the
certificate of incorporation
articles of association
memorandum of association
trading certificate
insurance certificate
Correct answer is D
No explanation has been provided for this answer.