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Commerce Past Questions and Answers

Commerce Questions

Question 196:
The business organization in which shareholder's have equal vote is
  • A Sole pprietorship
  • B Partneeship
  • C Co-operative
  • D Limited liability company
View Answer & Explanation
Question 197:
The major objective of corporate mergers is to
  • A Minimize the effects of taxation
  • B Increase financial advantage
  • C Faclitate profit maximization
  • D Enhance economies of scale
View Answer & Explanation
Question 198:
When it became necessary to liquidate a company, the frist step to be taken is the appointment of
  • A A receiver
  • B An auditor
  • C An accountant
  • D Liquidator
View Answer & Explanation
Question 199:
In which of the following circumstances is a court order NOT necessary for the winding up of a company?
  • A Supension of businesss for one year
  • B Special resolution of members
  • C Reduction in the number of members below the legal minimum
  • D Inability to pay it debts
View Answer & Explanation
Question 200:
One type of investment that have a variable income is
  • A Debentures
  • B Preferred shares
  • C Government bonds
  • D Ordinary shares
View Answer & Explanation