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.
The rebate given to the retailer by the wholesaler to enable him make profit is known as?
trade discount
cash discount
credit guarantee
commission
mark-up
Correct answer is A
No explanation has been provided for this answer.
A cheque that is drawn on a bank is called?
certified cheque
bankdraft
bank note
order cheque
bearer cheque
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not considered by banks when granting loans to customers?
Character of the customer
Amount needed
Period of repayment
Amount of interest payable
Purpose of the loan
Correct answer is A
No explanation has been provided for this answer.
delegation
deputising
coordinating
supervision
motivation
Correct answer is A
No explanation has been provided for this answer.
hedging
black market
dumping
speculation
speculation
Correct answer is C
No explanation has been provided for this answer.