Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
entrepot trade
dumping
hedging
counter trade
Correct answer is B
No explanation has been provided for this answer.
In insurance, risks that have no statistics for their calculations are
insurable risks
certain risks
un-insurable risks
uncertain risks
Correct answer is C
No explanation has been provided for this answer.
The throwing of goods over board to prevent a ship from sinking is known as
floatsam
abandonement
jettison
particular average
Correct answer is C
Jettison: throw or drop (something) from an aircraft or ship.The deliberate throwing overboard of cargo, or of part of the vessel's superstructure, equipment or stores, in the event of an emergency. Cargo or equipment might be jettisoned to lighten a vessel to relieve it from a strand, to stabilize it during a storm, or to get rid of flammables or explosives during a fire.
Buildings and machinery purchased for use in business are examples of
current assets
fixed assets
capital employed
paid up capital
Correct answer is B
No explanation has been provided for this answer.
Small-scale retailers continue to exist in spite of the dominance of large firms because they
render personal service
employ few salesmen
can raise large capital from relatives
deal in specific goods
Correct answer is A
No explanation has been provided for this answer.