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.
Governments impose import duties for the following reasons EXCEPT
to raise revenue for other services
to act as a retaliatory measure against other governments
to discourage the redistribution of income at home
to protect home industries from external competition
Correct answer is C
No explanation has been provided for this answer.
What are fixtures and fittings in a balance sheet?
liquid capital
current assets
fixed assets
working capital
Correct answer is C
No explanation has been provided for this answer.
Compulsory dissolution of a business can arise from
an agreement by the owners
a declaration by a court of law
the termination of its life
an unfavourable economic climtate
Correct answer is B
No explanation has been provided for this answer.
Which of the following groups is paid first when a firm liquidates?
Preference shareholders
Debenture holders
Ordinary shareholders
Cumulative preference shareholders
Correct answer is A
preference shareholders is a term used in venture capital contracts to specify which investors get paid first and how much they get paid in the event of a liquidation event such as the sale of the company.
conglomeration
vertical integration
horizontal integration
cartel
Correct answer is B
No explanation has been provided for this answer.