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.
What is NOT a source of capital for a business?
borrowing from somewhere
issuing of dividend warrant
retained profit
issuing of shares
personal savings
Correct answer is B
No explanation has been provided for this answer.
What is NOT a function of a retailer?
granting credit to consumers
guiding the consumers in making their choices
insuring goods for consumers
paying personal attention to consumers
providing goods wanted by the consumers
Correct answer is C
No explanation has been provided for this answer.
inquiry
order
invoice
quotation
receipt
Correct answer is B
No explanation has been provided for this answer.
What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?
closer contact market trends, etc.
decrease in bad debts
greater intensiveness of the sales campaign
no trading discounts need be allowed
sales are more accurately and efficiently made to the consumer
Correct answer is C
No explanation has been provided for this answer.
What is NOT the function of an entrepreneur?
bearing risks
deciding on tax to pay
deciding what to produce
organizing other factors
providing initial capital
Correct answer is B
No explanation has been provided for this answer.