Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,501.

Which of the following is a direct service?

A.

Banking

B.

Teaching

C.

Advertising

D.

Fishing

E.

Warehousing

Correct answer is B

No explanation has been provided for this answer.

1,502.

Which of the following activities makes the consumer its focus in decision making?

A.

Selling concept

B.

Marketing concept

C.

Product concept

D.

Production concept

E.

Market research

Correct answer is B

No explanation has been provided for this answer.

1,503.

Which of the following does not aim at protecting the customer?

A.

Sales of Goods Act

B.

Fair Trading Act

C.

Price Control Act

D.

Partnership Act

E.

Foods and Drugs Act

Correct answer is D

No explanation has been provided for this answer.

1,504.

The contract between ship owners and hires whereby the hires take full control of the ship is called?

A.

time charter

B.

charter by demise

C.

shipping conference

D.

voyage charter

E.

charter party

Correct answer is E

No explanation has been provided for this answer.

1,505.

Which of the following is not a source of capital?

A.

Personal savings

B.

Credit transfer

C.

Bank Loan

D.

Credit purchase

E.

Debenture

Correct answer is B

No explanation has been provided for this answer.