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.
Who is liable for the contact entered into by the agent on behalf of his principal? The
agent
principal
agent and the principal
third party
lawyer who drew up the agreement
Correct answer is B
No explanation has been provided for this answer.
debit note
invoice
statement
receipt
consignment note
Correct answer is C
No explanation has been provided for this answer.
That part of the money in circulation not backed by gold is known as?
exchange equalization fund
fiduciary issue
note and coins
ordinary note issue
fictitious assets
Correct answer is B
No explanation has been provided for this answer.
The system of parting with authority not responsibility is known as?
controlling
planning
delegating
movtivating
co-ordinating
Correct answer is C
No explanation has been provided for this answer.
The most important factor influencing the form of a business unit is?
expansion possibities
business intergrity
the amount of capital value
adequate number of skilled employees
the number of competing firms in the industry
Correct answer is C
No explanation has been provided for this answer.