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 exchange of goods for other goods in home trade is known as?
entrepot trade
home trade
barter trade
foreign trade
counter trade
Correct answer is C
No explanation has been provided for this answer.
The purpose of of issuing a credit note is to?
correct errors of overcharging
correct errors of undercharging
write off bad debts
encourage immediate payment
encourage bulk buying
Correct answer is A
No explanation has been provided for this answer.
In which class of occupation would you place a taxi driver?
Extractive
Indirect services
Personal services
Primary production
Commercial services
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not a factor of product?
Capital?
Land
Labour
Organization
Staffing
Correct answer is E
No explanation has been provided for this answer.
Mr. Aigbojie
Adefila Limited
Mrs. Jumai
Mr. Aigbojie and Adefila Limited
Adefila Limited and Mrs. Jumai
Correct answer is C
A delivery note is a document that accompanies a shipment of goods. It provides a list of the products and quantity of the goods included in the delivery.
The wholesaler, Mrs. Jumai will prepare the delivery note for the shipment of the goods to Mr. Aigbojie.