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.
Status enquiry is necessary when
goods are ordered from a mail order firm
money is withdrawn from a fixed deposit account
granting credit to a new customer
goods areproduced according to specification
Correct answer is C
No explanation has been provided for this answer.
What is the purpose of a debit note? To
reduce the credit in the buyer's account
reduce the debit charged to an invoice
compensate for damaged goods returned
allow for rebate
Correct answer is A
No explanation has been provided for this answer.
A bill of exchange becomes negotiable when it is
accepted
protested
dishonoured
discounted
Correct answer is A
No explanation has been provided for this answer.
A major cost component of running a mail order firm is the
printing of catalogues
paying salemen's salaries
renting shops
travelling expenses
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a feature of a Department Store?
One-stop-shopping
Deals in one line of goods
Use of trolleys
Convenient location
Correct answer is B
No explanation has been provided for this answer.