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.

2,161.

Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?

A.

Department store

B.

Supermarket

C.

Mobile shop

D.

Wholesale stores

E.

Stall holder

Correct answer is C

No explanation has been provided for this answer.

2,162.

A group of retailing shops under one management and selling then same products is known as?

A.

multiple shop

B.

supermarket

C.

department stores

D.

variety store

E.

unit shop

Correct answer is A

No explanation has been provided for this answer.

2,163.

Which of the following is an investor earns profit on the basis of his patronage?

A.

debenture holder

B.

partner

C.

sole proprietor

D.

co-operative member

E.

shareholder

Correct answer is D

No explanation has been provided for this answer.

2,164.

The system of parting with authority not responsibility is known as?

A.

controlling

B.

planning

C.

delegating

D.

movtivating

E.

co-ordinating

Correct answer is C

No explanation has been provided for this answer.

2,165.

A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?

A.

debit note

B.

invoice

C.

statement

D.

receipt

E.

consignment note

Correct answer is C

No explanation has been provided for this answer.