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.

1,231.

A hire purchase transaction becomes a sale when when the

A.

hirer accepts the hire purchase terms

B.

finance company agrees to pay

C.

hirer takes possession of goods

D.

hirer pays full cost of the goods

Correct answer is D

No explanation has been provided for this answer.

1,232.

Bonded warehouses are controlled by

A.

Export Promotion Council

B.

Ports Authority

C.

Customs and Excise Authority

D.

Clearing and Forwarding agents

Correct answer is C

No explanation has been provided for this answer.

1,233.

Which of the following implies that the price quoted includes the cost of insurance and carriage?

A.

F.O.B

B.

F.A.S

C.

C.O.D

D.

C.I.F

Correct answer is D

No explanation has been provided for this answer.

1,234.

Which of the following is the most suitable channel of distribution for technical goods?

A.

manufacturer-retailer-consumer

B.

manufacturer-wholesaler-retailer-consumer

C.

manufacturer-wholesaler-consumer

D.

manufacturer-consumer

Correct answer is D

No explanation has been provided for this answer.

1,235.

Which of the following can be sold through a vending machine?

A.

cigarettes

B.

shirts

C.

handbags

D.

shoes

Correct answer is A

No explanation has been provided for this answer.