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.
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
tendering
aunctioneering
quotation
hedging
haggling
Correct answer is D
No explanation has been provided for this answer.
bull
jobber
bear
stag
broker
Correct answer is C
No explanation has been provided for this answer.
Which of the following shows the quality of money
Ability to represent both small and large values
Used for deffered payments
Used as a unit for account
Facilitating exchange
Serving as a store of wealth
Correct answer is A
No explanation has been provided for this answer.
utmost good faith
subrogation
insurable interest
indemnity
contribution
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an example of insurable risk?
Change in consumer's taste
The probability of a third world war
Flood resulting from excessive rain in a year
The death of a business partner
Loss due to change in fashion
Correct answer is D
No explanation has been provided for this answer.