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Commerce Past Questions and Answers

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Commerce Questions

Question 3141:

Which of the following is not a disadvantage of a one-man business?

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A Unlimited liability owner
B Life of business limited to life of owner
C Personal control of business
D Difficulty in raising additional capital

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Question 3142:

Unlimited liability in business implies that the

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A Risk of the owner is limited only to the amount invested
B Debts are paid with subventions
C Property of the owners should not be used to secure loans
D Owners private property can be used to settle the business debts

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Question 3143:

Sole proprietorship is a form of business owned by

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A An individual
B Two or more persons
C A registered business subsidiary
D The government

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Question 3144:

Which of these qualities guarantees the keeping of money for a long period?

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A Acceptability
B Divisibility
C Durability
D Homogenity

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Question 3145:

Which of the following is not a source of fund for sole-proprietorship?

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A Personal savings
B Borrowing from friends and relatives
C Borrowing from financial institution
D Government bonds

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