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 is not used to correct adverse balance of payment?
Increasing imports
Increasing exports
Decreasing import
Devaluation
Correct answer is A
No explanation has been provided for this answer.
The extra commission for pledging full settlement of the wholesaler to the manufacturer?
Warehousing
Quality Control
Financing
Bulk -breaking
Correct answer is D
No explanation has been provided for this answer.
An agent who takes possession of goods and sells in his own name is known as?
a broker
a del credere agent
an auctioneer
a factor
Correct answer is D
No explanation has been provided for this answer.
CIF
FAS
Franco
Loco
Correct answer is C
No explanation has been provided for this answer.
A document from a seller which corrects an under-charge on a buyer's account is known as?
proforma invoice
credit note
debit note
statement of account
Correct answer is C
No explanation has been provided for this answer.