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.

321.

The department responsible for recruitment and promotion of staff is

A.

finance

B.

legal

C.

personnel

D.

production

E.

purchases

Correct answer is C

No explanation has been provided for this answer.

322.

The final stage in the production process is

A.

consumption

B.

manufacturing

C.

retailing

D.

warehousing

E.

wholesaling

Correct answer is A

No explanation has been provided for this answer.

323.

Who among the following engages in extractive activities?

A.

Flour miller

B.

Fisherman

C.

Porter

D.

Singer

E.

Surgeon

Correct answer is B

No explanation has been provided for this answer.

324.

A public limited company is regarded as a legal entity because

A.

it can sue and be sued

B.

it cannot be liquidated

C.

it has a memorandum of association

D.

the death of the largest shareholder cannot bring it to an end

E.

the government grants it licence

Correct answer is A

No explanation has been provided for this answer.

325.

A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a

A.

boat

B.

ferry

C.

liner

D.

tanker

E.

tramp

Correct answer is E

No explanation has been provided for this answer.