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.

2,391.

It is advantageous to provide services which are natural monopoly through?

A.

sole trades

B.

partnership

C.

public limited liabilities companies

D.

public enterprises

E.

co-operative societies

Correct answer is D

No explanation has been provided for this answer.

2,392.

The process whereby a firm buys over the assets and liabilities of another firm is known as?

A.

amalgamation

B.

cartel

C.

factoring

D.

holding

E.

combine

Correct answer is D

No explanation has been provided for this answer.

2,393.

Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?

A.

a trespass

B.

a nuisance

C.

ultra vires

D.

uberrimae fidei

E.

caveat emptor

Correct answer is C

No explanation has been provided for this answer.

2,394.

Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?

A.

F.O.R

B.

C & F

C.

F.A.S

D.

F.O.B

E.

C.I.F

Correct answer is E

No explanation has been provided for this answer.

2,395.

Warehousing is one of the functions of the?

A.

wholesaler

B.

retailer

C.

Chamber of commerce

D.

Ministry of Trade and Industry

E.

Export Promotion Department

Correct answer is A

No explanation has been provided for this answer.