MCQ Collection
USAT Commerce MCQs
Practice USAT Commerce questions with answers and explanations.
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Correct Answer: A. Activities that facilitate the exchange and distribution of goods and services
Explanation:
Commerce includes trade and the services that support trade.
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Correct Answer: B. Invoice
Explanation:
An invoice records the goods supplied, prices, and amount payable.
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Correct Answer: C. A business owned by two or more persons under an agreement
Explanation:
A partnership is formed when persons agree to carry on a business and share results.
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Correct Answer: D. Their agreed investment rather than unlimited personal assets
Explanation:
Limited liability restricts owner exposure according to the legal form.
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Correct Answer: A. Distribution
Explanation:
Distribution moves goods through channels to consumers.
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Correct Answer: B. Current assets minus current liabilities
Explanation:
Net working capital is current assets less current liabilities.
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Correct Answer: C. A written instruction to a bank to pay a specified amount
Explanation:
A cheque directs a bank to make payment from an account.
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Correct Answer: D. Pool and transfer specified financial risks
Explanation:
Insurance transfers covered risk in return for a premium.
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Correct Answer: A. Capital market
Explanation:
Capital markets finance longer-term investment through securities.
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Correct Answer: B. Buying and selling through electronic networks
Explanation:
E-commerce conducts commercial transactions digitally.
