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.

2,916.

One major advantage of a credit and thrift cooperative is that

A.

It can approach government for loan

B.

It encourages saving habit

C.

there are no legal restrictions

D.

each member has a vote during meetings

Correct answer is B

No explanation has been provided for this answer.

2,917.

The partner that only contributes part of the capital used in the formation and running of a business is known as?

A.

a passive partner

B.

an active partner

C.

a dormant partner

D.

a nominal partner

Correct answer is C

No explanation has been provided for this answer.

2,918.

Which of the following services does a lawyer render?

A.

industrial services

B.

indirect services

C.

direct services

D.

commercial services

Correct answer is C

No explanation has been provided for this answer.

2,919.

Land as a factor of production does not vary in?

A.

quantity

B.

nature

C.

quality

D.

cost

Correct answer is A

No explanation has been provided for this answer.

2,920.

A distinguishing characteristic of labour is that it is

A.

constant

B.

expensive

C.

mobile

D.

cost

Correct answer is C

No explanation has been provided for this answer.