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.
Which of the following best describes the classification of computer?
Mini-computer, speed and size
Micro-computer, cost and abilities
Mini-computer, Micro-computer and work station
Mini-computer , hybrid and digital
Correct answer is C
No explanation has been provided for this answer.
A documentary bill will normally be accompanied by
sales invoice, bill of lading and insurance certificate
clean bill, bill of lading, and insurance certificate
bill of lading, consular invoice, and insurance certificate
consular invoice, FOB certificate and bill of lading
Correct answer is D
No explanation has been provided for this answer.
The major difference between insurance and assurance is that while insurance
takes care of uncertainty, assurance takes care of risks
takes care of risks , assurance takes care of uncertainty
hinges on probabilities, assurance is based on possibilities
is about indemnity, assurance is about life in the future
Correct answer is C
No explanation has been provided for this answer.
Pooling of risk in insurance means that?
compensations are paid out of a common fund
two people can pool their risks to be insured
two insurance companies can buy two policies
insurance companies should encourage taking risks.
Correct answer is A
No explanation has been provided for this answer.
A factor necessary for siting a warehouse is nearness to
raw materials
labour
capital
consumers
Correct answer is D
No explanation has been provided for this answer.