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.
"Not Negotiable" on a cheque means
ownership can be transferred to the third party by mere delivery
the cheque can be paid over the counter on endorsement
the holder has no better title than the person person who transfers it
ownership rests with the one who issued the cheque
Correct answer is C
A ''not negotiable cheque'' means that if the cheque is transferred to another person, the person who obtains the cheque has no greater rights to it than the person who gave it.
This is simply a warning to whoever has been given the cheque, to verify and ensure that the credentials of the transferor (former owner) of the cheque are intact without defects or irregularities. Because in case the title of the transferor is defective, then the tranferee also gets the same defective title
The cost of telephone conversation is determined by
number of words spoken
person sending the message
duration of the conversation
urgency of the message conveyed
Correct answer is C
No explanation has been provided for this answer.
The use of current account in business is convenient because
withdrawal can be made at any time
deposits earn higher interests
loans are always available
notices are necessary befor withdrawals
Correct answer is A
No explanation has been provided for this answer.
Which of the following protects consumers against poor quality foods
Chambers of Commerce
Standard Organization
Trade Association
Manufacturers Association
Correct answer is B
No explanation has been provided for this answer.
would be paid to mr Biu if he should discontinue with the policy
would be paid to mr Biu's beneficiary if he dies
is paid annually by mr Biu to the insurance company
the amount mr Biu has paid plus interest
Correct answer is A
No explanation has been provided for this answer.