Commerce Past Questions - Myschool

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Commerce Past Questions

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3296

which of the following is a source of short term finance

A. hire purchase
B. overdraft
C. lease
D. debenture

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3297

The portion of share capital which the company has asked shareholder to pay is?

A. called-up capital
B. authorized capital
C. paid-up capital
D. unpaid capital

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3298

multilateral trade is carried out

A. between two countries only
B. within many countries
C. among many countries
D. between neighbouring countries only

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3299

An association of businesses engaged in both trade and industry is a?

A. co-operative society
B. trade union
C. trust fund
D. chamber of commerce

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3300

which of the following statement is true of a debenture?

A. its holders receive interest
B. it forms part of a company's authorized capital
C. its owners are co-owners of the company
D. its owners control the company

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