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.

2,976.

The difference between total current assets and total current liabilities of a business is known as

A.

quick ratio

B.

liquidity ratio

C.

working capital

D.

circulating capital

Correct answer is C

No explanation has been provided for this answer.

2,977.

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

A.

i and ii

B.

i and iii

C.

ii and iii

D.

i, ii and iii

Correct answer is C

No explanation has been provided for this answer.

2,978.

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A.

trust certificate

B.

detachable warrant

C.

mortage bond

D.

converttible securities

Correct answer is C

No explanation has been provided for this answer.

2,979.

The capital employed is

A.

N 1,000

B.

N 1,370

C.

N 140

D.

N50

Correct answer is A

No explanation has been provided for this answer.

2,980.

Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

A.

distress

B.

closure

C.

bankruptcy

D.

liquidation

Correct answer is C

No explanation has been provided for this answer.