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.
Advice note
Delivery note
Credit note
Consignment note
Correct answer is A
An advice note is a document that confirms the receipt and dispatched of customer order.
group policy
whole life policy
endowment policy
term policy
Correct answer is D
Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. In this type of insurance policy, the insurance company is not obligated to compensate the policy holder if they do not die within the time frame covered in the agreement
Which of the following are exclusively functions of marketing?
Buying, pricing, selling and promotion
Risk-bearing, storage, production and transporting
Organizing, risk-bearing, transporting and storage
Production, promotion, distribution and recruiting
Correct answer is A
No explanation has been provided for this answer.
The police and the army are engaged in
direct service occupation
indirect service occupation
industrial occupation
primary occupation
Correct answer is B
People in the indirect service occupation are involved in offering services that are not directly consumed by the consumers. They are not paid directly by the consumers but by the government from the public tax.
For instance; military personnel, civil servants, and law makers indirectly serve the public and are paid by the government by tax payers money.
Which of the following is not a function of the commercial bank?
Collection of deposit
Safe custody services
Issuing of currency
Agents of payment
Correct answer is C
Only the central bank is tasked with the responsibility of issuing currency in a country