Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

511.

Bonded warehouses are controlled by

A.

clearing and forwarding agents

B.

custom and excise

C.

export promotion council

D.

marketing boards

E.

port authority

Correct answer is B

No explanation has been provided for this answer.

512.

Which comes first in the channel of distribution?

A.

consignor

B.

consumer

C.

manufacturer

D.

retailer

E.

wholesaler

Correct answer is C

No explanation has been provided for this answer.

513.

Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to

A.

be informed

B.

buy whatever they want

C.

choose

D.

healthy environment

E.

safety

Correct answer is B

No explanation has been provided for this answer.

514.

The greatest weapon of the buyer against the activities of false advertisers is

A.

consumer education

B.

manufacturer's education

C.

marketing education

D.

producer‘s education

E.

salesmanship

Correct answer is A

No explanation has been provided for this answer.

515.

The main reason for Government ownership of a public enterprise is to provide

A.

education and electricity

B.

electricity only

C.

essential services

D.

loans for the people

E.

roads and electricity

Correct answer is C

No explanation has been provided for this answer.