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.
The turnover of firm maybe affected by
the demand for its product
the cost of its goods sold
its closing stock
its net assets
Correct answer is A
No explanation has been provided for this answer.
N40 000
N50 000
100 000
200 000
Correct answer is B
No explanation has been provided for this answer.
issued capital
authorized capital
called-up capital
paid-up capital
Correct answer is B
No explanation has been provided for this answer.
The form of business financing which involves pledging of a specific asset is
debenture
mortgage
loan
bond
Correct answer is B
No explanation has been provided for this answer.
Leasing is the right to use asset for an agreed period in return for
profit
interest
wages
rents
Correct answer is D
No explanation has been provided for this answer.