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 guides the operations of a Partnership?
Memorandum of Association
Articles of Association
Certificate of trading
Certificate of Incorporation
The Deed
Correct answer is E
No explanation has been provided for this answer.
An agency that is involved in moving goods or people from place to place for a fee is called
courier agent
consignor
manufacturer
common carrier
factor
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a means of water transport?
Liner
Tanker
Barge
Tramp
Truck
Correct answer is E
No explanation has been provided for this answer.
The capital of a company indicated in the Memorandum of Association is known as
authorized capital
capital owned
working capital
fixed capital
called-up capital
Correct answer is A
No explanation has been provided for this answer.
At what stage is acceptance of offer by post valid? When the letter is
written
posted
delivered
replied
read
Correct answer is C
No explanation has been provided for this answer.