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.
Which of the following covers damages to the body of a ship and its machinery?
Freight insurance
Cargo insurance
General average insurance
Voyage policy
Hull insurance
Correct answer is E
No explanation has been provided for this answer.
Which of the following is true of a merger?
Original names of the companies are retained
Expansion is restricted
All debts are written off
The company formed aquires a new name
All workers are paid bonuses
Correct answer is D
No explanation has been provided for this answer.
A company which acquires more than 50% voting shares of another company is called?
a trust
a cartel
an amalgamation
a consortium
a holding company
Correct answer is E
No explanation has been provided for this answer.
Pro-forma invoice
Advice note
Consignment note
Statement of account
Delivery note
Correct answer is A
No explanation has been provided for this answer.
Which of the following indicates special crossing on a check? Two parallell lines with
"& Co" and "not negotiable"
the abbreviation "& Co" only
"account payee" only
the name of a particular bank
"not negotiable" only
Correct answer is C
No explanation has been provided for this answer.