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 document which gives the current price and terms of trade of a product is called?
a letter of credit
an invoice
an advice note
a consignment note
an order form
Correct answer is B
No explanation has been provided for this answer.
When firms that operate at different stages in the production of a commodity merge, this is known as
horizontal intergration
vertical intergration
absorption
conglomerate
cartel
Correct answer is B
No explanation has been provided for this answer.
To which of the following occupations does a broker belong?
Extractive
Manufacturing
Commercial
Constructive
Direct services
Correct answer is C
No explanation has been provided for this answer.
Which of the following is used in home trade?
Bill of lading
Bank draft
Letter of credit
Certificate of origin
Documentary credit
Correct answer is B
No explanation has been provided for this answer.
One of the features of reinsurance is the
total transfer of risk from one company to another
protection of insurance company by the government
protection of the insured by the third party
collection of indemnity by third party only
transfer of a portion of risk from one insurer to another
Correct answer is E
No explanation has been provided for this answer.