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.
Occupations are classified into?
production, labour and economics
extraction, construction and manufacturing
industry, commerce and serves
trade, aids to trade and serivices
Correct answer is C
No explanation has been provided for this answer.
An acquired firm in a merger will always receive a?
premium
grant
share
discount
Correct answer is C
No explanation has been provided for this answer.
The most important concept on production is?
utility
wealth creation
transformation
distribution
Correct answer is A
No explanation has been provided for this answer.
One of the disadvantages of a sole proprietorship is?
secrecy of annual reports
pride of ownership
limited liability
unlimited liability
Correct answer is D
No explanation has been provided for this answer.
A partnership is dissolved when?
the business suffers a loss
there is bankruptcy
there is consistent theft
there is misunderstanding between partners
Correct answer is B
No explanation has been provided for this answer.