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.
Partnership form of business is most appropriate?
where professionals are needed
for non-profit making ventures
where very large capital is required
where the liability of members is limited
Correct answer is D
No explanation has been provided for this answer.
Which of the following would not affect the form of a business unit?
Availability of raw materials
The type of business
Number of persons involved
The capital size
Correct answer is B
No explanation has been provided for this answer.
The fee which the bank charges for services rendered to their current account customers is?
commission on turnover
bank rate
minimum lending rate
interest
Correct answer is D
No explanation has been provided for this answer.
partnership firms
public limited companies
co-operative societies
private limited companies
Correct answer is C
No explanation has been provided for this answer.
An advantage of a public limited company over a private one is the?
limited liability of shareholders
easy transferability of shares
access to retained earnings
less taxation by government
Correct answer is B
No explanation has been provided for this answer.