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 functions is not performed by retailers?
Breaking bulk
Ensuring regular stock for consumers
Branding and packaging
Insuring goods for customers
Storing variety of goods
Correct answer is D
No explanation has been provided for this answer.
nationalization
industrialization
indeginization
commercialization
privatization
Correct answer is C
No explanation has been provided for this answer.
Which of the following stresses the use of only specialists to head departments?
Committee organisation structure
Line organisation structure
line and staff organisation structure
Functional organisation structure
Centralization
Correct answer is D
No explanation has been provided for this answer.
An insurance company shares its accepted risk with others in the form of
reinsurance
subrogation
mutual insurance
fidelity guarantee insurance
contribution
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a credit instrument used in business transactions?
Luncheon voucher
Bill of exchange
Promissory note
Bank note
Fuel voucher
Correct answer is E
No explanation has been provided for this answer.