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.
The net profit is calculated as
sales less purchases
sale less expenses
gross profit less expenses
gross profit less purchases
Correct answer is C
No explanation has been provided for this answer.
The amount paid regularly by the assured to the insurer is
dividend
premium
interest
indemnity
Correct answer is B
No explanation has been provided for this answer.
A business that is independent of its owners is a
sole proprietorship
partnership
limited liability company
co-operative society
Correct answer is C
No explanation has been provided for this answer.
The document which gives legal authority to a company to operate as a legal entity is
Memorandum of Association
Article of Association
Share Certificate
Certificate of Incorporation
Correct answer is D
No explanation has been provided for this answer.
private enquiry
status enquiry
general enquiry
letter of enquiry
Correct answer is C
No explanation has been provided for this answer.