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.
Trade Association
Trade Union
Chamber of Commerce
Consumer's Association
Correct answer is A
Trade association is a voluntary organization of independent business units in the same branch of industry. It aims to protect their collective interests, especially in negotiations with governments and trade unions.
recorded delivery service
post restante
express delivery service
business reply service
Correct answer is C
No explanation has been provided for this answer.
A business obtains part of its short-term capital from
bonds
debentures
trade credit
ordinary shares
Correct answer is C
Trade credit is an essential tool for financing growth. Trade credit is the credit extended to you by suppliers who let you buy now and pay later. Any time you take delivery of materials, equipment or other valuables without paying cash on the spot, you're using trade credit.
An active partner
a limited partner
A dormant partner
a nominal partner
Correct answer is A
An active partner is an invested person who is involved in the daily operations of the partnership. An active partner helps run the business to enhance his or her returns and is therefore considered a material participant.
The part of authorized capital of a company sold to shareholders is
paid-up capital
called-up capital
issued capital
nominal capital
Correct answer is A
No explanation has been provided for this answer.