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 a necessary document in incorporating a company?
Memorandum of Association
Articles of Association
A statement of nominal capital
A certificate of Trading
A statement of minimum subscription
Correct answer is E
No explanation has been provided for this answer.
Which of the following are elements of the economic environment of business?
Government policy
Norm and value
Politics
inflation and unemployment
Family and peer groups
Correct answer is A
No explanation has been provided for this answer.
Which of the following are the important functions of any organization?
Planning, Marketing, Finance and Personnel Management
Planning, Organizing, Controlling and Motivating
Planning, Production, Controlling anf Marketing
Planning, Personnel, Organizing and Motivating
Planning, Staffing, Building and Warehouse
Correct answer is B
No explanation has been provided for this answer.
The principle of subrogation in insurance means that?
the insured could make profit from his loss
the insured must be fully indemnified
those insured should pool their risks
parties to the insurance contract must reveal all relevant facts
the insurer takes the place of the insured in respect of claims due from third paarties
Correct answer is E
No explanation has been provided for this answer.
Which of the following is a function of marketing?
manufacturing
quality control
book-keeping
distribution
extraction
Correct answer is D
No explanation has been provided for this answer.