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 partnership is dissolved due to ________
liquidity of the firm
death of the employee
insanity of a partner
resignation of an employee
Correct answer is C
This can lead to the dissolution of partners.
A major function of trade association is to _______
assist members to buy cars
help individuals to set up small business
establish a link among member
foster cooperation among members
Correct answer is D
They foster cooperation among members.
What document is required when a country imposes valorem import duties on goods?
mail transfer
shipping note
bill of lading
consular invoice
Correct answer is B
This is a document that gives details of goods being sent from one place to another.
A major objective of all business resources is ______
public relation
profit sharing
human relation
profit making
Correct answer is D
This is the money gotten from the business.
An advantage of division of labour is _______?
productivity and total output is increased
monotony of task is eliminated
loss of individual craftmanship is minimized
interdependence of workers increase remuneration
Correct answer is A
More hands are involved in the production of a particular commodity.