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.
The two main branches of trade are
commerce and aids to trade
home and foreign trade
foreign and entreport trade
whole sale and retail trade
visible and invisible trade
Correct answer is B
No explanation has been provided for this answer.
Commerce is concerned mainly with the
production of goods and services
distribution of goods and services
consumption of goods and services
storing of goods
advertising of goods
Correct answer is B
No explanation has been provided for this answer.
When a bill of exchange is signed by a debtor, it is said to be
accepted
negotiated
honoured
protested
accomodated
Correct answer is A
No explanation has been provided for this answer.
The payment made to the insured for loss incurred is
premium
indemnity
ex gratia payment
surrender value
interest
Correct answer is B
No explanation has been provided for this answer.
When an industry is nationalized, ownership belongs to the
private investors
indigenes
state
shareholders
foreigners
Correct answer is C
No explanation has been provided for this answer.