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.
Land as a factor of production comprises?
all resources provided by nature
the earth surface only
land surface and vegetation
efforts to exploit the earth
the oceans and rivers only
Correct answer is A
No explanation has been provided for this answer.
All activities involved in the distribution and exchange of goods and services are referred to as?
Trade
Market survey
Advertising
Commerce
Sales promotion
Correct answer is D
No explanation has been provided for this answer.
The total indebtedness of a business is the same as its
liabilities
liquid capital
solvency
capital employed
working capital
Correct answer is A
No explanation has been provided for this answer.
A public limited company has the rights and duties of an individual because it?
has a board of directors
has a trading certificate
has corporate status'
has a memorandum of association
is so stated in articles of association
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true about cumulative preference shares?
Any unpaid dividend is carried forward
The shareholders can obtain a capital refund
They are entitled to further share in profit
Any unpaid dividend is forfeited
The dividend declared is accumulated in a reserve account
Correct answer is A
No explanation has been provided for this answer.