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.

471.

Assets of a business which can easily be changed into cash are called

A.

authorized capital

B.

current liabilities

C.

fixed assets

D.

liquid capital

E.

paid-up capital

Correct answer is D

No explanation has been provided for this answer.

472.

What is NOT a function of marketing?

A.

changing the nature of the marketable goods

B.

enlargement of the market

C.

export promotion

D.

provision of employment

E.

segmenting the market

Correct answer is E

No explanation has been provided for this answer.

473.

The best definition of Communication in Commerce is

A.

distribution of information

B.

movement of files

C.

movement of goods and passengers

D.

storing information

E.

transmission of information

Correct answer is E

No explanation has been provided for this answer.

474.

What is the main aim and objective of ECOWAS?

A.

increasing the tax rate among member countries

B.

operating banking services among members

C.

promoting cooperation and development in all fields of economic activities

D.

providing employment opportunity to a few countries

E.

providing essential services among members

Correct answer is C

No explanation has been provided for this answer.

475.

ln the selection of means of transport, speed is an important consideration for goods that are

A.

bulky

B.

durable

C.

fragile

D.

inferior

E.

perishable

Correct answer is E

No explanation has been provided for this answer.