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.
A public limited company can borrow from the public to increase its capital by
debentures
mortgage
share
stocks
treasury bills
Correct answer is A
No explanation has been provided for this answer.
The service of a teacher is in the classification of
commerce
direct service
extractive occupation
indirect services
industrial occupation
Correct answer is D
No explanation has been provided for this answer.
A form of business unit in which members are given patronage allowance is
co-operative society
joint stock company
public corporation
partnership
sole proprietorship
Correct answer is A
No explanation has been provided for this answer.
Which of the following organizations look after harbours, docks and waterways in Nigeria?
Nigeria Ports Authority
Nigeria Navy
Nigeria Export Promotion Council
Nigeria Shippers Council
Nigeria Customs Service
Correct answer is A
No explanation has been provided for this answer.
Assets of a business which can easily be changed into cash are called
authorized capital
current liabilities
fixed assets
liquid capital
paid-up capital
Correct answer is E
No explanation has been provided for this answer.