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Commerce Past Questions and Answers

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Commerce Questions

Question 2036:

Which of the following enables production to take place ahead of demand?

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A Transporting
B Advertising
C Importing
D Warehousing
E Exporting

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Question 2037:

Called-up capital is the amount?

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A Paid on allotment
B Paid ontirstcall
C Paid on appilication
D Demanded on shares issued
E . paid-up on all shares

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Question 2038:

Which of the following is true about cumulative preference shares?

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A Any unpaid dividend is carried forward
B The shareholders can obtain a capital refund
C They are entitled to further share in profit
D Any unpaid dividend is forfeited
E The dividend declared is accumulated in a reserve account

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Question 2039:

A public limited company has the rights and duties of an individual because it?

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A Has a board of directors
B Has a trading certificate
C Has corporate status'
D Has a memorandum of association
E Is so stated in articles of association

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Question 2040:

The total indebtedness of a business is the same as its

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A Liabilities
B Liquid capital
C Solvency
D Capital employed
E Working capital

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