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.
The use of coin-operated machines to sell goods is a form of
personal selling
retailing
wholesaling
mail-order selling
Correct answer is B
No explanation has been provided for this answer.
Sole enterprise may flourish best in
a mining business
a retailing business
an oil exploration business
a car assembly business
Correct answer is B
A sole enterprise means a one-man business and such businesses mostly excel in the retail line.
Governments impose import duties for the following reasons EXCEPT
to raise revenue for other services
to act as a retaliatory measure against other governments
to discourage the redistribution of income at home
to protect home industries from external competition
Correct answer is C
No explanation has been provided for this answer.
What are fixtures and fittings in a balance sheet?
liquid capital
current assets
fixed assets
working capital
Correct answer is C
No explanation has been provided for this answer.
Compulsory dissolution of a business can arise from
an agreement by the owners
a declaration by a court of law
the termination of its life
an unfavourable economic climtate
Correct answer is B
No explanation has been provided for this answer.