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.
The charge paid to a ship owner for the unused part of a ship is known as
penalty
dock dues
dead freight
demurrage
Correct answer is C
No explanation has been provided for this answer.
The ratio between a country's exports and her imports prices is the
balance of trade
balance of payments
terms of trade
exchange rate
Correct answer is C
No explanation has been provided for this answer.
"Net 3 months" on an invoice means the buyer will
pay interest after 3 months
gets discount if he pays within 3 months
pay full invoice amount after 3 months
have discount if he pays after 3 months
Correct answer is B
No explanation has been provided for this answer.
Which of the following is engaged in commercial occupation?
a brick layer
an engineer
an insurance broker
a barber
Correct answer is C
No explanation has been provided for this answer.
In a hire purchase contract, the customer becomes the legal owner of the goods by
paying the last installment
paying the first installment
taking possession of the goods
paying half the purchase price
Correct answer is A
No explanation has been provided for this answer.