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 the best method for computing working capital
Total assets less current liabilities
Current liabilities less current assets
Fixed liabilities less current assets
Current assets less current liabilities
Correct answer is A
The net working capital formula is calculated by subtracting the current liabilities from the current assets.
The minimum lending rate of a bank is a component of its
current assets
debit balances
credit balance
fixed assets
Correct answer is A
the minimum lending rates of a bank depends on its current assets. Current assets here are balance sheet assets that can be converted to cash within one year or less. Accounts that are considered current assets include cash and cash equivalents, marketable securities, accounts receivable, inventory, prepaid expenses, and other liquid assets.
One of the factors of determining the volume of production is
availablity of forex
availability of storage facilities
the location of the business
the number of skilled manpower
Correct answer is D
There are various factors which affect the volume of production which includes:
One of the functions of the retailer is
granting credit facilities to close relatives
provision of after - sales services
branding and packaging of goods
warehousing of goods
Correct answer is B
After sales service plays an important role in customer satisfaction and customer retention. It generates loyal customers and increase a brand value. This is one of the services provided by the retailers.
Which of the following is a traditional medium of communication used to mark festivals?
Palm frond
Metal gong
Talking drum
Gum blast
Correct answer is C
Talking drum is one of a set of West African drums, each having a different pitch, which are beaten to transmit a tonal language.