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.
The overriding advantage of home trade over foreign trade is
accessibility of seller to buyer
absence of many documents
ease in language of transaction
ease in form of payment
Correct answer is A
No explanation has been provided for this answer.
Bill of sight
Import invoice
Consular invoice
Bill of exchange
Correct answer is C
No explanation has been provided for this answer.
The document that indicate instant payment of cash for goods whenever the are delivered is
credit note
proforma invoice
debit note
statement of account
Correct answer is D
No explanation has been provided for this answer.
The main document sent to an importer of goods by the exporter are?
invoice, consular invoice, certificate of orign, fright note, indent and insurance policy
indent, bill of lading, certificate of orign, invoice and bill of exchange
certificate of orign, bill of exchange, insurance policy, indent and bill of lading
bill of lading, invoice insurance policy, consular invoice, certificate of orign and bill of exchange
Correct answer is D
No explanation has been provided for this answer.
Emeka's right to terminate the agreement
Kamaldeen's right to re-hire the Goods
Emeka's right to breach the agreement
Kamaldeen's right to terminate the agreement
Correct answer is B
No explanation has been provided for this answer.