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.

2,256.

The method by which insurance companies spread their risk to other insurance companies is called?

A.

double insurance

B.

under-insurance

C.

re-insurance

D.

over- insurance

E.

underwriting

Correct answer is C

No explanation has been provided for this answer.

2,257.

Patent Right gives the owner the exclusive right to?

A.

produce any type of goods

B.

his invention

C.

form a new business

D.

sell to other maunfacturer

E.

produce the same goods with other manufacturers

Correct answer is B

No explanation has been provided for this answer.

2,258.

Activities aimed at creating an image foe an organization are known as?

A.

advertising

B.

market research

C.

public relation

D.

exhibition

E.

mass marketing

Correct answer is C

No explanation has been provided for this answer.

2,259.

Demurrage is a charge for?

A.

utlized lay days

B.

unsed lay days

C.

exceeding lay days

D.

damaged cargo

E.

jettisoned cargo

Correct answer is C

No explanation has been provided for this answer.

2,260.

The ship owner's receipt for the goods accepted for carriage in a ship is called?

A.

ship manifest

B.

charter party

C.

mate's receipt

D.

bill of exchange

E.

bill of lading

Correct answer is E

No explanation has been provided for this answer.