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.

2,061.

The insured is prevented from making profit from claims under more than one policy for the same risk by the principle of?

A.

Contribution

B.

Surbrogation

C.

Utmost good faith

D.

Proximate cause

E.

Insurable interest

Correct answer is B

No explanation has been provided for this answer.

2,062.

Which of the following assigns a name to a product?

A.

Copyright

B.

Packaging

C.

Labelling

D.

Patent

E.

Branding

Correct answer is E

No explanation has been provided for this answer.

2,063.

Which of the following is used to stimulate sales?

A.

Finance

B.

Insurance

C.

Warehousing

D.

Advertising

E.

Banking

Correct answer is D

No explanation has been provided for this answer.

2,064.

The cost of advertising a product is ultimately borne by the?

A.

manufacturer

B.

wholesaler

C.

agent

D.

consumer

E.

retailer

Correct answer is D

No explanation has been provided for this answer.

2,065.

A service whereby NIPOST undertakes to collect money due to the sender of a parcel is called?

A.

C.O.D

B.

C.W.O

C.

C.I.F

D.

F.O.B

E.

F.O.R

Correct answer is A

No explanation has been provided for this answer.