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.
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 D
No explanation has been provided for this answer.
What is NOT a function of marketing?
changing the nature of the marketable goods
enlargement of the market
export promotion
provision of employment
segmenting the market
Correct answer is E
No explanation has been provided for this answer.
The best definition of Communication in Commerce is
distribution of information
movement of files
movement of goods and passengers
storing information
transmission of information
Correct answer is E
No explanation has been provided for this answer.
What is the main aim and objective of ECOWAS?
increasing the tax rate among member countries
operating banking services among members
promoting cooperation and development in all fields of economic activities
providing employment opportunity to a few countries
providing essential services among members
Correct answer is C
No explanation has been provided for this answer.
ln the selection of means of transport, speed is an important consideration for goods that are
bulky
durable
fragile
inferior
perishable
Correct answer is E
No explanation has been provided for this answer.