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.
A source of capital to private limited companies is shares issued to
the public
selected persons
members of the borad of directors
dedicated members of staff
Correct answer is B
No explanation has been provided for this answer.
Which of the statements below is true of Mr Abayomi?
He can assign his shares to another without consent of other partners
He cannot take part in the management of the business
His actions as a limited partner can bind the firm
His death will automatically dissolve partnership
Correct answer is C
No explanation has been provided for this answer.
A sole proprietorship
general partnership
limited partnership
limited partnership
joint partnership
Correct answer is A
No explanation has been provided for this answer.
One advantage the co-operative society has over the company is that the
the latter pays tax while the former does not
former attract more capitals than the later
members of the former is usually morethan the latter
former, unlike the latter, has limited liabities
Correct answer is A
No explanation has been provided for this answer.
Service which are of absolute monopoly can can best be proved by
private companies
limited liability companies
public companies
public enterprises
Correct answer is D
No explanation has been provided for this answer.