Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,106.

Which of the following trends in retailing provides the convenience of shopping without cash

A.

Automatic vending

B.

Self-service

C.

Credit card

D.

Window display

Correct answer is C

No explanation has been provided for this answer.

1,107.

Which of the following assesses duties payable on imports and exports?

A.

Ports Authority

B.

Central Bank

C.

Customs and Excise Authority

D.

Export Promotion Council

Correct answer is C

No explanation has been provided for this answer.

1,108.

An outright prohibition on the importation of goods to a country is referred to as

A.

quota

B.

tariff

C.

embargo

D.

devaluation

Correct answer is C

No explanation has been provided for this answer.

1,109.

An association formed to protect the interests of buyers of various commodities is known as

A.

Chamber of commerce

B.

Employers association

C.

Consumers Association

D.

Manufacturers Association

Correct answer is C

No explanation has been provided for this answer.

1,110.

Which of the following is not a duty of a credit union?

A.

Helping members to save

B.

Granting loans

C.

Advising on the use of funds

D.

Confirming members' indebtedness

Correct answer is D

No explanation has been provided for this answer.