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.
Which of the following is not a disadvantage of a one-man business?
Unlimited liability owner
Life of business limited to life of owner
Personal control of business
Difficulty in raising additional capital
Correct answer is C
No explanation has been provided for this answer.
Department of Customs and Excise
Ports Authority
Shipping and Forwarding Agent
National Shipping Line
Correct answer is B
No explanation has been provided for this answer.
Mobile shopping involves selling
from motor van
at a particular spot in the city
in multiple shops only
from a vending machine
Correct answer is A
Mobile shop is a large vehicle that has been changed into a shop and is driven from place to place
Public corporation
Partnership
Limited company
Co-operative society
Correct answer is D
Equal Voting Rights; A cooperative society is based on the principle of “one man one vote”. A member has only one vote irrespective of the number of shares hld or capital contribution.
The practice whereby customers purchase goods without being attended to by shop assistants is
presales service
after sales service
self service
impulse buying
Correct answer is C
self service is the system whereby customers select goods for themselves and pay at a checkout.