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.
C % F as a price quotation in foreign trade means that the buyer
is responsible for clearing and forwarding the goods
has to pay for cost and freight
pays for both the freight and insurance
pays for insurance only
Correct answer is B
No explanation has been provided for this answer.
Which of the following abbreviations permits the seller to correct any error in an invoice?
F.O.R
C.I.F
C.E % O.E
I.O.U
Correct answer is B
No explanation has been provided for this answer.
The aid to trade responsible for the preservation of perishable items is
warehousing
insurance
transportation
warehousing
Correct answer is A
No explanation has been provided for this answer.
agreement between two trading countries
the difference between the value of imports and exports
the relationship between export and import prices
all payments made to other countries and reciepts of them
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a function of the Ports Authority
controlling pollution in rivers
providing parking space for vehicles
providing storage and warehousing facilities at the docks
providing facilities for water traffic movement
Correct answer is C
No explanation has been provided for this answer.