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.

1,146.

Which of the following organizations aims at providing relief for countries facing adverse balance of payment?

A.

A.C.P

B.

G.A.T.T

C.

U.N.C.T.A.D

D.

I.M.F

Correct answer is D

No explanation has been provided for this answer.

1,147.

A set of measures pursued by an organization in order to maintain goodwill in its environment is referred to as

A.

human relations

B.

public relations

C.

personal relations

D.

organizational set up

Correct answer is A

No explanation has been provided for this answer.

1,148.

Which of the following is the correct sequence in which the following documents are used?

A.

Order, delivery note, debit note, invoice, statement

B.

Order, advice note, debit note,invoice,statement

C.

Order, statement, delivery note, invoice, debit note

D.

Order, delivery note, invoice, debit note, statement

Correct answer is D

No explanation has been provided for this answer.

1,149.

A seller quoting his goods loco price means that

A.

all charges are borne by the seller

B.

all charges are borne by the buyer

C.

the seller pays carriage as far as the buyers warehouse

D.

the price includes cost, insurance and freight

Correct answer is D

No explanation has been provided for this answer.

1,150.

Which of the following is not suitable for hire purchase?

A.

Textiles

B.

Furniture

C.

Refrigerators

D.

Printing machine

Correct answer is A

No explanation has been provided for this answer.