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Commerce Past Questions and Answers

Commerce Questions

Question 3731:
Which of the following is not a function of a consumer association?
  • A Ensuring that consumers buy quality goods
  • B Educating consumers on their rights
  • C Penalizing importers of fake goods
  • D Ensuring that fair prices are charged
View Answer & Explanation
Question 3732:
An association formed by computer distributors to safeguard and promote their interest is a?
  • A Chamber of commerce
  • B Cooperative society
  • C Trade association
  • D Trade union
View Answer & Explanation
Question 3733:
The issue of prospectus by a company is an invitation to members of the public to?
  • A Subscribe to the company`s shares
  • B Buy the company`s product
  • C Attend the company`s boards meeting
View Answer & Explanation
Question 3734:
Examples of currents assets are?
  • A Cash and trade debtors
  • B Cash and trade cresitors
  • C Trade debtors, trade creditors and cash
  • D Trade creditors and trade debtors
View Answer & Explanation
Question 3735:
When the cost of sales is divided by the average stock, the result is?
  • A Gross profit
  • B Net profit
  • C Rate of turnover
  • D Working capital
View Answer & Explanation