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.
summary of goods sold to a customer for a particular item
note to inform the customer of an addition to his business transaction
standard letter sent to customers who have not settled their bills
statement of acceptance of credit facilities to a customer
summary of a customer's transactions over a given period
Correct answer is E
No explanation has been provided for this answer.
For which of the following reasons would a seller not issue a credit note to a customer? If
goods are undercharged
goods are damaged
bottles are returned
goods are overcharged
fewer goods are returned
Correct answer is A
No explanation has been provided for this answer.
an export invoice
a consular invoice
a certificate of origin
a letter of hypothecation
a bill of laden
Correct answer is C
No explanation has been provided for this answer.
An agreement that is enforceable in law is called?
a contract
an offer
an acceptance
a consideration
an injuction
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a disadvantage of foreign trade?
Encourages dumping
Makes available the products that a country cannot produce
Widens the world market
Encourages specialization
Makes possible the transfer of technology
Correct answer is A
No explanation has been provided for this answer.