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 is not a reason for imposing a tariff? to
correct an adverse balance of payments
raise revenue for the government
encourage imports
protect infant industries
encourage the consumption of home-produced goods
Correct answer is C
No explanation has been provided for this answer.
A document that regulates the internal operations of a company is known as?
memorandum of association
articles of association
prospectus
certificate of incorporation
certificate of trading
Correct answer is B
No explanation has been provided for this answer.
The main purpose of establishing a public corporation is to?
make profit
provide employment
provide essential services
compete with entrepreneurs
establish a monopoly
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a fixed asset of a business?
sundry debtors
patent
machinery and plant
goodwill
loose tools
Correct answer is A
No explanation has been provided for this answer.
Money spent for the day-to-day running of a business is called?
fixed capital
working capital
equity capital
capital employed
authorized capital
Correct answer is B
No explanation has been provided for this answer.