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.

2,906.

A contract for the sale of goods involved the?

A.

producer, seller and the buyer of goods

B.

offering of goods to customers

C.

transfering of the title to goods for money

D.

exchange of goods

Correct answer is C

No explanation has been provided for this answer.

2,907.

A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a?

A.

public liability company

B.

joint venture company

C.

limited company

D.

registered company

Correct answer is D

No explanation has been provided for this answer.

2,908.

An important principle of a good organization structure is

A.

ideal standard

B.

span control

C.

clarity of mission

D.

adequacy resources

Correct answer is B

No explanation has been provided for this answer.

2,909.

A wholesaler who possesses the title of goods he sells is known as?

A.

a merchant wholesaler

B.

a multiple wholesaler

C.

a general wholesaler

D.

an agent wholesaler

Correct answer is A

No explanation has been provided for this answer.

2,910.

The organizational structure that relates the positions of specialist to the line mangers is called?

A.

line structure

B.

staff structure

C.

line and staff structure

D.

functional structure

Correct answer is B

No explanation has been provided for this answer.