Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,901.

Which of the following is used to advertise of a company?

A.

Memorandum of association

B.

Articles of association

C.

Certificate of incorporation

D.

Prospectus

Correct answer is D

No explanation has been provided for this answer.

1,902.

Which of the following is most appropriate for a "Cash with order" terms of sale?

A.

Proforma invoice

B.

Credit note

C.

Debit note

D.

Consignment note

Correct answer is B

No explanation has been provided for this answer.

1,903.

Which of the following is a feature of sole proprietorship?

A.

Issue of shares

B.

Limited liability

C.

Limited capital

D.

Legal entity

Correct answer is C

No explanation has been provided for this answer.

1,904.

Which of the following business must have at least one member with unlimited liability?

A.

Limited liability company

B.

Limited partnership

C.

Nominal partnership

D.

Public eneterprises

Correct answer is B

No explanation has been provided for this answer.

1,905.

Branding is an aspect of marketing mix associated with?

A.

price

B.

product

C.

place

D.

distribution

Correct answer is B

No explanation has been provided for this answer.