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.

246.

A document issued by financial organizations to enable holders to buy goods on credit is called

A.

ATM card

B.

coupon

C.

luncheon voucher

D.

credit card

Correct answer is D

No explanation has been provided for this answer.

247.

A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a

A.

warrant

B.

bond

C.

share certificate

D.

title deed

Correct answer is B

No explanation has been provided for this answer.

248.

Which of the following is the best form of sales promotion?

A.

Bill board

B.

Bell ringing

C.

Publicity

D.

Demonstration

Correct answer is C

No explanation has been provided for this answer.

249.

A factor that hinders the achievement of ECOWAS objectives is

A.

the absence of a common market

B.

lack of a common language

C.

the difference in political ideology

D.

lack of a common territory

Correct answer is C

No explanation has been provided for this answer.

250.

A country’s balance of payments is divided into

A.

current and capital accounts

B.

current and foreign accounts

C.

creditor`s and debtor’s accounts

D.

export and import accounts

Correct answer is A

No explanation has been provided for this answer.