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.
An insurance principle which prevents an insured from making profit when compensated is known as
proximate cause
indemnity
insurable interest
utmost good faith
Correct answer is D
No explanation has been provided for this answer.
The term "fiduciary issue" means
money issued without gold backing
money issued with gold backing
money issued as currency note
gold reserve
Correct answer is A
No explanation has been provided for this answer.
A system of sales where goods are sold to the highest bidder is known as
credit sale
hire purchase
clearance sale
auction sale
Correct answer is D
No explanation has been provided for this answer.
In the absence of the bill of lading, which of the following is used o clear the goods
Bill of sight
Dock warrant
Certificate of Origin
Mate's receipt
Correct answer is C
No explanation has been provided for this answer.
Fidelity guarantee insurance will only cover
cashier's fraud
daylight robbery
loss of profit
unpaid loan
Correct answer is A
No explanation has been provided for this answer.