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.
inform the buyer that he can buy more goods on credit
inform the buyer that his account has been credited
inform the customer about his state of solvency
tell the customer that his account is in red
warn the customer that his debt is over due
Correct answer is B
No explanation has been provided for this answer.
Which of the following is NOT a function of the central bank?
Banker's bank
Government's bank
Lender of last resort
Printing of currency
Servicing of National debt
Correct answer is D
No explanation has been provided for this answer.
A bill of lading is best described as the
certificate of quality of goods
certificate of value for the goods on board
document of title to the goods on board a ship
document showing where the goods are going to
evidence of payment of custom duties
Correct answer is C
No explanation has been provided for this answer.
The excess value of all the assets of a business over the value of its liabilities is called
capital employed
capital owned
circulating capital
loan capital
share capital
Correct answer is B
No explanation has been provided for this answer.
A share ducted “Cum div”, means that the dividend for the current year will be paid to the
buyer of the shares
broker of the shares
jobber of the shares
seller of the shares
stock exchange authority
Correct answer is A
No explanation has been provided for this answer.