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.
When it became necessary to liquidate a company, the frist step to be taken is the appointment of
a receiver
an auditor
an accountant
liquidator
Correct answer is D
No explanation has been provided for this answer.
The major objective of corporate mergers is to
minimize the effects of taxation
increase financial advantage
faclitate profit maximization
enhance economies of scale
Correct answer is D
No explanation has been provided for this answer.
The business organization in which shareholder's have equal vote is
sole pprietorship
partneeship
co-operative
limited liability company
Correct answer is C
No explanation has been provided for this answer.
Musa
Okon
Taiwo
Kalu
Correct answer is D
In business, Social Responsibility is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions.
From the conversation above, Kalu cares more about making profits and a good name for himself than the needs of the consumer and the environment in which he operates. He is likely to not live up to the social responsibilities he owes the society as a businessman.
Partnership are most suitable where
the partners are family friends
professionals are involved
members can easily rasie enough capital
government regulations are favourable
Correct answer is B
No explanation has been provided for this answer.