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.

1,111.

Which of the following goods has the lowest rate of turnover?

A.

Staple foods

B.

office stationery

C.

Refrigerator

D.

School exercise books

Correct answer is A

No explanation has been provided for this answer.

1,112.

When the public wants to buy more of a company's share than has been offered for sale, the share is said to be

A.

rights issue

B.

over subscribed

C.

qouted at a premium

D.

over-valued

Correct answer is B

No explanation has been provided for this answer.

1,114.

Which of the following is used only in international trade?

A.

Letter of inquiry

B.

Certificate of origin

C.

Pro-forma invoice

D.

Consignment note

Correct answer is A

No explanation has been provided for this answer.

1,115.

The price quotation where the buyer uses his own means to collect goods from the producer's warehouse is

A.

F.O.B

B.

ex-works

C.

F.A.S

D.

F.O.R

Correct answer is D

No explanation has been provided for this answer.