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.

721.

An individual or company that engages in the transportation of any type of goods for a fee is called a

A.

common carrier

B.

hawker

C.

porter

D.

clearing agent

Correct answer is A

No explanation has been provided for this answer.

722.

Which of the following is a function of marketing department in a firm?

A.

Add value to goods and services

B.

Protect those who engage in business transactions

C.

initiate general policies in the organization

D.

Handle all staff masters in the system

Correct answer is A

No explanation has been provided for this answer.

723.

A firm that specializes in packing and shipping of goods is known as a

A.

forwarding agent

B.

general agent

C.

del credere agent

D.

cargo handling company

Correct answer is D

No explanation has been provided for this answer.

724.

A person who gave his building as a security for loan is known as a

A.

trustee

B.

mortgagee

C.

mortgagor

D.

guarantor

Correct answer is D

No explanation has been provided for this answer.

725.

A retail outlet with many branches all dealing in similar line of goods is described as a

A.

department store

B.

supermarket

C.

chain store

D.

hypermarket

Correct answer is B

No explanation has been provided for this answer.