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 groups is paid first when a firm liquidates?
Preference shareholders
Debenture holders
Ordinary shareholders
Cumulative preference shareholders
Correct answer is A
preference shareholders is a term used in venture capital contracts to specify which investors get paid first and how much they get paid in the event of a liquidation event such as the sale of the company.
conglomeration
vertical integration
horizontal integration
cartel
Correct answer is B
No explanation has been provided for this answer.
A distinguishing characteristics of a limited liability company is that it
is a collection of many sole proprietors
is a multiple partnership
can sue and be sued
has limited resources
Correct answer is C
No explanation has been provided for this answer.
A demonstration of social responsibility by a business is the payment of
taxes to government
dividends to shareholders
interests on loans
premium on insurance
Correct answer is A
No explanation has been provided for this answer.
The production process that combines two or more raw materials into one end product is
conditioning
blending
merging
synthesis
Correct answer is B
No explanation has been provided for this answer.