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.

2,316.

the production of goods in anticipation of demand is made possible by?

A.

packaging

B.

warehousing

C.

branding

D.

advertising

E.

transporting

Correct answer is B

No explanation has been provided for this answer.

2,317.

which of the following is not a means of making payment to a businessman?

A.

bank draft

B.

cash

C.

money order

D.

cheque

E.

statements

Correct answer is E

No explanation has been provided for this answer.

2,318.

the value of anything expressed in monetary terms is the?

A.

utility

B.

price

C.

service

D.

charge

E.

money

Correct answer is B

No explanation has been provided for this answer.

2,319.

which of the following documents may be used when an importer requires a longer period of credit before settlement?

A.

letter of credit

B.

documentry credit

C.

bill of lading

D.

sight draft

E.

bill of exchange

Correct answer is E

No explanation has been provided for this answer.

2,320.

An overdraft is usually granted a?

A.

savings account holder

B.

deposit account holder

C.

current account holder

D.

loan account holder

E.

fixed deposit account holder

Correct answer is C

No explanation has been provided for this answer.