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 business organization in which shareholder's have equal vote is
sole pprietorship
partneeship
co-operative
limited liability company
Correct answer is C
No explanation has been provided for this answer.
Musa
Okon
Taiwo
Kalu
Correct answer is D
In business, Social Responsibility is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions.
From the conversation above, Kalu cares more about making profits and a good name for himself than the needs of the consumer and the environment in which he operates. He is likely to not live up to the social responsibilities he owes the society as a businessman.
Partnership are most suitable where
the partners are family friends
professionals are involved
members can easily rasie enough capital
government regulations are favourable
Correct answer is B
No explanation has been provided for this answer.
The object of the business are determined by the
workers
government
society
promoters
Correct answer is C
No explanation has been provided for this answer.
The main purpose of insurance is to
encourage business to surviveand grow
ensures that facilities are available for operators
accepts risk s and extend credit to policy holders
spread individual losses ove all covered participants
Correct answer is D
No explanation has been provided for this answer.