Commerce Questions Answers

Q31. Which of the following is not a characteristic of monopoly
(a) One seller
(b) High barriers to entry
(c) Unique product
(d) Many buyers

Q32. What is the primary objective of financial management
(a) Maximizing profits
(b) Maximizing revenue
(c) Maximizing market share
(d) Maximizing shareholder wealth

Q33. Which of the following is an example of a current asset
(a) Land
(b) Buildings
(c) Inventory
(d) Machinery

Q34. The current ratio is a measure of
(a) Efficiency
(b) Liquidity
(c) Profitability
(d) Solvency

Q35. Which of the following is not a source of long-term finance
(a) Equity shares
(b) Debentures
(c) Bank overdraft
(d) Retained earnings

Q36. What is a balance sheet
(a) A financial statement that shows the revenues and expenses of a company over a specific period of time
(b) A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time
(c) A financial statement that shows the cash flows of a company over a specific period of time
(d) None of the above

Q37. Which of the following is not a function of money
(a) Medium of exchange
(b) Store of value
(c) Unit of measurement
(d) Means of production

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