Commerce

Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?

A. Consortium B. Trade Association C. Consumer Association D. Holding company Correct Answer: Option C - Consumer Association

6 years ago

A company is said to be insolvent when?

A. it makes a loss in any one year B. its total liabilities exceed total assets C. the ordinary shareholders…

6 years ago

The document which regulates the operations of a partnership is known as?

A. Deed B. Articles of Association C. Prospectus D. Certificate of trading Correct Answer: Option A - Deed

6 years ago

The safe keeping of goods from the point of production to the time they are needed is?

A. standardizing B. warehousing C. hoarding D. stock controlling Correct Answer: Option B - warehousing

6 years ago

A public limited company wishing to obtain more capital may have to?

A. apply for subvention B. buy treasury bills C. buy second-hand securities D. issue debentures Correct Answer: Option D -…

6 years ago

A business unit in which profits are shared on the basis of members’ patronage is known as?

A. partnership B. public limited company C. Co-operative society D. private limited company Correct Answer: Option C - Co-operative society

6 years ago

Which of the following enables people to consume a variety of goods and services?

A. Labour B. Capital C. Land D. Exchange Correct Answer: Option D - Exchange

6 years ago

Which of the following refers to all the resources used in creating utilities?

A. Fixed capital B. Factors of production C. Entrepreneurship D. Labour Correct Answer: Option B - Factors of production

6 years ago

Which of the following brings about specialization?

A. Recruitment of staff B. Division of labour C. Business resource D. Employer of labour Correct Answer: Option B -…

6 years ago

The goods that are used for the production of other goods are known as?

A. commercial goods B. consumer goods C. capital goods D. non-durable Correct Answer: Option C - capital goods

6 years ago