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.
consumer cooperative
multipurpose cooperative
producer cooperative
thrift and credit cooperative
Correct answer is B
multi-purpose cooperative-combines 2 or more of the business activities of these different types of cooperatives, e.g credit lending and production, production and provision of goods and services, etc.
Counterfoil
Express label
Slip
Telegram
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not pre-sale service?
Repair and maintenance work
Providing detailed information about the goods to be purchased
Demonstrating the use and performance of the products to be sold
Setting up facilities for storing the product to be bought
Correct answer is A
Repair and maintenance work is an after sales service
Payment to a ship owner for carrying one's cargo is
demurrage
fare
dock due
freight
Correct answer is D
Freight is a payment for goods transported in bulk by truck, train, ship, or aircraft.
The reward received by a party in a contract agreement is known as
consideration
acceptance
offer
warranty
Correct answer is A
Consideration is a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract. payment or money.