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 group of retailing shops under one management and selling then same products is known as?
multiple shop
supermarket
department stores
variety store
unit shop
Correct answer is A
No explanation has been provided for this answer.
Which of the following is an investor earns profit on the basis of his patronage?
debenture holder
partner
sole proprietor
co-operative member
shareholder
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not true of a sole proprietorship?
It has a separate legal entity
It has unlimited liability
It has a slim chances of expansion
The capital is small
It can convert into a company
Correct answer is A
No explanation has been provided for this answer.
Into which of the following two broad areas can trade be divided?
home and foreign trade
home and retail trade
wholesale and retail trade
foreign and wholesale trade
import and exports
Correct answer is A
No explanation has been provided for this answer.
The three main division of production are?
extraction, manufacturing and construction
import, export and entrepot
industry, commerce and direct service
industry, trade and direct service
Correct answer is A
No explanation has been provided for this answer.