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.

1,321.

The set of actions of governments, and other organized bodies in response to users' complaints about goods and services is known as

A.

Consumer soveriegnty

B.

consumer protection

C.

consumer orientation

D.

consumer loyalty

E.

consumers' preference

Correct answer is B

No explanation has been provided for this answer.

1,322.

Which of the following brings a public corporation into existence

A.

Certificate of Incorporation

B.

Certificate of trading

C.

Acts of Parliament

D.

Registeration

E.

Prospectus

Correct answer is C

No explanation has been provided for this answer.

1,323.

A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as

A.

credit sale

B.

conditional sale

C.

hire purchase

D.

trade-in-sale

E.

leasing

Correct answer is C

No explanation has been provided for this answer.

1,324.

A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by

A.

estoppel

B.

necessity

C.

ratification

D.

conduct

E.

appointment

Correct answer is B

No explanation has been provided for this answer.

1,325.

A mercantile agent having title to goods in his possession is known as

A.

factor

B.

broker

C.

jobber

D.

auctioneer

E.

stag

Correct answer is A

No explanation has been provided for this answer.