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 an internal source of capital to a business concern?
Trade credit
Debenture
overdraft
Retain profit
Correct answer is D
No explanation has been provided for this answer.
The refund of a duty which had been paid on importation that are later re-exported is known as?
export tax
surtax
customs drawback
liquidation
Correct answer is C
No explanation has been provided for this answer.
An offer by one company to buy up all or greater part of another company's share is known as?
merger
take-over bid
absorption
liquidation
Correct answer is B
No explanation has been provided for this answer.
Which of the following does not lead to the dissolution of a partnership?
Absence of a deed of partnership
Withdrawal of a partner
Incapacity of any of the partners
Completion of contractual term
Correct answer is A
No explanation has been provided for this answer.
Which of the following has no limit to its membership?
Ordinary partnership
Private Limited Company
Limited partnership
Cooperative society
Correct answer is D
No explanation has been provided for this answer.