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Commerce Past Questions and Answers

Neco Commerce Questions

Question 126:
Assets of a business which can easily be changed into cash are called ____________
  • A Authorized capital
  • B Current liabilities
  • C Fixed assets
  • D Liquid capital
  • E Paid-up capital
View Answer & Explanation
Question 127:
Assets of a business which can easily be changed into cash are called ____________
  • A Authorized capital
  • B Current liabilities
  • C Fixed assets
  • D Liquid capital
  • E Paid-up capital
View Answer & Explanation
Question 128:
When one party to a contract refuses to perform the obligations assumed under the contract, there is ____________
  • A Breach of contract
  • B Frustration
  • C Operational law
  • D Performance
  • E Voluntary agreement of the parties
View Answer & Explanation
Question 129:
Which holder receives interest?
  • A Cumulative preference
  • B Debenture
  • C Non-cumulative
  • D Ordinary share
  • E Preference shares
View Answer & Explanation
Question 130:
The process by which the government takes over private business is known as ____________
  • A Commercialization
  • B Indigenization
  • C Nationalization
  • D Naturalization
  • E Privatization
View Answer & Explanation