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.
An action taken by a company outside its object clause is regarded as?
ultra vires
a trespass
uberrima fides
caveat emptor
Correct answer is A
No explanation has been provided for this answer.
Authorized share capital is also known as?
called-up share capital
paid-up share
registered share capital
issued share capital
Correct answer is C
No explanation has been provided for this answer.
A group of assets which a business acquires with the intention of reselling them are referred to as?
current assets
investment assets
fixed assets
intangible assets
Correct answer is A
No explanation has been provided for this answer.
Securities and Exchanfge commission
commodity market
Nigerian Stock Exchange
Central Bank of Nigeria
Correct answer is A
No explanation has been provided for this answer.
In international trade, documentary credit is also known as?
credit note
letters of credit
bankers' note
letter of hypothecation
Correct answer is B
No explanation has been provided for this answer.