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 statements is not true?
Government does not nationalize businesses owned by its citizens
Government nationalizes foreign business
Government does not give nationalized industries to private owners
Government nationalizes viable business
Public corporation are owned by the government
Correct answer is A
No explanation has been provided for this answer.
The rights, responsibilities and liabilities of each partner are specified in the?
memorandum of association
prospectus
articles of association
deed of partnership
deed of conveyance
Correct answer is D
No explanation has been provided for this answer.
In a limited partnership, the liability of most of the partners is?
pegged
unlimited
limited
unpredictable
restricted
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not an important reason for government ownership of industries?
Provision of essential services
Large capital requirements
Avoiding duplication of services
Preventing private monopoly
Making high profit
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not a source of capital to a sole proprietor?
Loan from firends
Personal savings
Ploughing back profit
Borrow from relations
Borrowing through debentures
Correct answer is E
No explanation has been provided for this answer.