Commerce

Partnership form of business is most appropriate?

A. where professionals are needed B. for non-profit making ventures C. where very large capital is required D. where the…

6 years ago

Which of the following would not affect the form of a business unit?

A. Availability of raw materials B. The type of business C. Number of persons involved D. The capital size Correct…

6 years ago

The fee which the bank charges for services rendered to their current account customers is?

A. commission on turnover B. bank rate C. minimum lending rate D. interest Correct Answer: Option D D. interest

6 years ago

The distribution of profits based upon the level of patronage in the business is a common feature of?

A. partnership firms B. public limited companies C. co-operative societies D. private limited companies Correct Answer: Option C C. co-operative…

6 years ago

An advantage of a public limited company over a private one is the?

A. limited liability of shareholders B. easy transferability of shares C. access to retained earnings D. less taxation by the…

6 years ago

Which of the following coordinates other factors of production to achieve set objectives?

A. Land B. Labour C. Enterpreneur D. Capital Correct Answer: Option C C. Entrepreneur

6 years ago

Farming is an activity that falls under?

A. tertiary occupation B. commercial occupation C. extractive occupation D. secondary occupation Correct Answer: Option C C. extractive occupation

6 years ago

Which of the following is an advantage of indigenization?

A. Checks exploitation by citizens B. Business risk is shared C. Fosters self-reliance D. Leads to monopoly of power Correct…

6 years ago

The form of trade practised by the early men was characterized by?

A. exchange of goods for money B. efficient distribution system C. exchange of goods for goods D. organized warehousing Correct…

6 years ago

A practice where producers of the same product come together to advertise is known as?

A. mass advertising B. institutional advertising C. direct advertising D. persuasive advertising Correct Answer: Option A A. mass advertising

6 years ago