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 true of a cheque as a means of payment? It
can be made out of a definite payee
is generally acceptable
is safer than carrying cash
is transferable
serves as a proof of payment
Correct answer is B
No explanation has been provided for this answer.
The reply to a letter of inquiry is a/an
advice note
estimate
order
quotation
statement
Correct answer is D
No explanation has been provided for this answer.
construction
service
extraction
manufacturing
tertiary
Correct answer is C
No explanation has been provided for this answer.
The payment made by government to producers to enable them reduce price is known as
bonus
compensation
margin
make-up
subsidy
Correct answer is E
No explanation has been provided for this answer.
The actual amount of share capital a company is allowed to issue to the public is the ---- capital
authorized
issued
paid-up
reserved
working
Correct answer is A
No explanation has been provided for this answer.