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 not true of a sole proprietorship?
It has a separate legal entity
It has unlimited liability
It has a slim chances of expansion
The capital is small
It can convert into a company
Correct answer is A
No explanation has been provided for this answer.
Into which of the following two broad areas can trade be divided?
home and foreign trade
home and retail trade
wholesale and retail trade
foreign and wholesale trade
import and exports
Correct answer is A
No explanation has been provided for this answer.
Division of labour is limited by?
non-availability of special skills
the problem of mass production
the extent of supply
the extent of the market
non-availability of money
Correct answer is D
No explanation has been provided for this answer.
The three main division of production are?
extraction, manufacturing and construction
import, export and entrepot
industry, commerce and direct service
industry, trade and direct service
Correct answer is A
No explanation has been provided for this answer.
balance of trade
balance of payments
terms of trade
balance of current account
balance on capital account
Correct answer is B
No explanation has been provided for this answer.