Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

2,821.

Sources of finance to a business include personal savings, share, debentures and?

A.

loans from IMF

B.

bank overdraft

C.

central bank loans

D.

money from political parties

Correct answer is B

No explanation has been provided for this answer.

2,822.

A common element in all contracts is?

A.

offer

B.

consideration

C.

acceptance

D.

agreement

Correct answer is D

No explanation has been provided for this answer.

2,823.

One of the advantages of commercialization is that it?

A.

encourages entrepreneuership

B.

increases the salaries of workers

C.

motivates governement to establish more business

D.

gives workers on-the-job training

Correct answer is A

No explanation has been provided for this answer.

2,824.

Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to?

A.

land pollution

B.

water pollution

C.

land and water pollution

D.

air and water pollution

Correct answer is C

No explanation has been provided for this answer.

2,825.

A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?

A.

conduct

B.

necessity

C.

ratification

D.

estoppel

Correct answer is B

No explanation has been provided for this answer.