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.

1,886.

Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice

A.

E & O.E

B.

C.I.F

C.

C.O.D

D.

C.W.O

Correct answer is A

No explanation has been provided for this answer.

1,887.

All human efforts geared towards the production of goods and services is?

A.

entrepreneurship

B.

labour

C.

capital

D.

occupation

Correct answer is B

No explanation has been provided for this answer.

1,888.

Which of the following is a creditor legally bound to accept for settlement of a debt?

A.

Bank draft

B.

Bank note

C.

Money order

D.

Cheque

Correct answer is A

No explanation has been provided for this answer.

1,889.

Agriculture operative banks are best classified under?

A.

commercial banks

B.

savings banks

C.

merchant banks

D.

specialized banks

Correct answer is D

No explanation has been provided for this answer.

1,890.

A bundle of shares is called?

A.

stock

B.

bonus issue

C.

debenture

D.

rights issue

Correct answer is A

No explanation has been provided for this answer.