Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

2,911.

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A.

trust certificate

B.

detachable warrant

C.

mortage bond

D.

converttible securities

Correct answer is C

No explanation has been provided for this answer.

2,912.

The capital employed is

A.

N 1,000

B.

N 1,370

C.

N 140

D.

N50

Correct answer is A

No explanation has been provided for this answer.

2,913.

Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

A.

distress

B.

closure

C.

bankruptcy

D.

liquidation

Correct answer is C

No explanation has been provided for this answer.

2,914.

At the collapse of a business enterprise, the person appointed to dispose of all assets is called

A.

a broker

B.

an auctioneer

C.

a liquidator

D.

an auditor

Correct answer is C

No explanation has been provided for this answer.

2,915.

A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?

A.

joint partnership

B.

cooperative

C.

corperation

D.

joint venture

Correct answer is A

No explanation has been provided for this answer.