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.
An agreement between two parties which is enforceable by law is a?
promise
warranty
contract
condition
Correct answer is C
A contract is a legally binding promise made between at least 2 parties in order to fulfill an obligation in exchange for something of value.
arithematic logic unit
control unit
magnetic unit
register
Correct answer is B
The control unit of the central processing unit regulates and integrates the operations of the computer. It directs the flow of data between the CPU and the other devices.
An example of a non-insurable risk is?
burglary
speculation
fire
accident
Correct answer is B
Uninsurable risks are risks that cannot be covered because they are either too probable, too catastrophic, and costly to cover. Risks whose peril cannot be predicted nor estimated are also considered non-insurable.
Events such as war, terrorism, and radioactive contamination are also considered non-insurable.
The sum of money paid by a policy-holder to an insurer is referred to as?
interest
premium
gross profit
sales revenue
Correct answer is B
In insurance, a premium is the amount of money an individual or business must pay for an insurance policy.
A historical building is a feature of?
cultural tourism
industrial tourism
agricultural tourism
ecological tourism
Correct answer is A
Cultural tourism is the act of travelers visiting particular destinations in order to experience and learn about a particular culture. This can include many activities such as; attending events and festivals, visiting museums to see historical artifacts, and tasting the local food and drinks.