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.

1,756.

The refund made by on goods re-exported after being imported is known as?

A.

import duty

B.

export duty

C.

excise drawback

D.

customs drawback

Correct answer is D

No explanation has been provided for this answer.

1,757.

Which of the following is not a function of the retailing?

A.

Buying in bulk and warehousing

B.

Buying and selling in bits to consumers

C.

Advising consumers on the right type of goods

D.

Granting credits to customers

Correct answer is A

No explanation has been provided for this answer.

1,758.

Which of the following is an advantage of large scale retailing?

A.

Decline in personal service

B.

Pilfering

C.

High overhead cost

D.

One-stop shopping

Correct answer is D

No explanation has been provided for this answer.

1,759.

The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?

A.

N49,600

B.

N24,800

C.

N6,200

D.

N3,100

Correct answer is B

No explanation has been provided for this answer.

1,760.