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 business becomes a separate legal entity after it has
started operation
been incorporated
been insured
been accepted by the public
Correct answer is B
No explanation has been provided for this answer.
In which of the following business units are profits shared on the basis of membership patronage?
public enterprise
partnership
co-operative society
public limited liability company
Correct answer is C
No explanation has been provided for this answer.
The main aim of credit and thrift societies is to
settle disputes among members
educate their members
secure loans for members
encourage savings among members
Correct answer is D
No explanation has been provided for this answer.
Risks in business are borne by the
consumer
entrepreneur
marketing manager
personnel manager
Correct answer is B
No explanation has been provided for this answer.
The divisions of production are
industry,banking and services
industry,manufacturing and services
industry,commerce and services
industry, commerce and services
Correct answer is C
No explanation has been provided for this answer.