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 partner without an unlimited liability is known as a?
dormant partner
nominal partner
general partner
active partner
Correct answer is D
No explanation has been provided for this answer.
The greatest risk in a business venture is borne by the?
trade creditors
employees
trade debtors
entrepreneurs
Correct answer is D
No explanation has been provided for this answer.
Which of the following would not be stated in Memorandum of Association?
Name clause
Registered office
Objective clause
Rights of shareholders
Correct answer is D
No explanation has been provided for this answer.
When a number of thrift societies come together and are registered, they become a?
holding company
credit union
trade union
consumer association
Correct answer is B
No explanation has been provided for this answer.
When a public company receives the certificate of incorporation, this implies that?
it can go ahead and start business
it can no longer sue or be sued
the company finds it difficult to raise capital
the company's assets exist separately from those of its members
Correct answer is A
No explanation has been provided for this answer.