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.
A company may be wound up when
there is a disagreement among the directors
there are too many shareholders
many of the share holders die
its product competes with that of the government
Correct answer is A
No explanation has been provided for this answer.
Which of the following gets extra dividend after its due fixed rate of dividend
Preference shares
Cumulative preference shares
Ordinary shares
Participating preference shares
Correct answer is D
No explanation has been provided for this answer.
The various rights attached to different classes of shares are stated in the
articles of association
memorandum of association
balance sheet
prospectus
Correct answer is A
No explanation has been provided for this answer.
The operations of a private company is guided by the
deed
certificate of trading
certificate of incorporation
company's act
Correct answer is C
No explanation has been provided for this answer.
Contributing money to buy equipment for making and marketing a product is a feature of
thrift societies
public limited companies
consumers' cooperatives
producers' cooperatives
Correct answer is D
No explanation has been provided for this answer.