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Commerce Past Questions

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1621
The type of letters that are delivered through the normal mail or by airmail express service is referred to as
  • A. inland letters
  • B. registered letters
  • C. airmail letters express letters
  • D. express letters
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1622

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is

  • A. joint venture
  • B. partnership
  • C. nominal partnership
  • D. cooperative
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1623
The most important business objective is to
  • A. improve investments
  • B. provide quality products
  • C. target consumers for satisfaction
  • D. carve a niche for the business
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1624

In case of a liquidation of a public limited liability company, those that are first paid are

  • A. ordinary shareholders
  • B. prefernce shareholders
  • C. cumulative preference shareholders
  • D. debenture holders
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1625

A feature common to public and private limited liability companies is that

  • A. both can sue and be sued
  • B. the minimum number of their shareholders is five
  • C. the transfer of their shares is not restricted
  • D. their annual accounts are published for public use
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