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.

1,646.

The two main forms of communication are

A.

oral and written

B.

verbal and non-verbal

C.

e-mail and fax

D.

traditional and modern media

Correct answer is B

The two main categories of communication styles include verbal and  nonverbal.

1,647.

Which of the following advertising medium appeals to only the literate in the society

A.

radio advertising

B.

print media advertising

C.

television advertising

D.

cinema advertising

Correct answer is B

Print media advertising is a form of advertising that uses physically printed media, such as magazines and newspapers, to reach consumers, business customers and prospects. This can only be effective to people who can read and write

1,648.

A country's terms of trade are said to improve when the ratio of her export

A.

decreases

B.

remains constant

C.

increases

D.

equals import

Correct answer is C

Terms of trade (TOT) represent the ratio between a country's export prices and its import prices.. It improves When the exports are higher than the imports. 

1,649.

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

A.

consular invoice

B.

certificate of origin

C.

bill of lading

D.

close indent

Correct answer is B

Certificate of Origin (CO) is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country.

1,650.

The document lodged with the customs authorities before a ship can leave the port is a

A.

shipping note

B.

ship report

C.

ship manifest

D.

dock warrant

Correct answer is C

A ship manifest, customs manifest or cargo document is a document listing the cargo, passengers, and crew of a ship, aircraft, or vehicle, for the use of customs and other officials.