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 basic distinction between cash discount and trade discount is that while trade discount is
for a period of 30 days, cash discount is for a period of 3 months
given by a wholesaler, cash discount is given by a bank
a reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
a reduction in the value of sales, cash discount is a reduction in price of goods
Correct answer is D
No explanation has been provided for this answer.
A close indent is an instrument to an agent to
order goods from a particular manufacturer
order goods from any manufacturer
sell gods to any firm
sell goods to a certain firm
Correct answer is A
No explanation has been provided for this answer.
Stevedores as a term in foreign trade means men who
inspect goods in ships
import goods by ships
collect duties in ships
load and unload ships
Correct answer is D
A stevedore, dockworker, docker, dock laborer, wharfie, wharf rat, lumper, and/or longshoreman is a waterfront manual laborer who is involved in loading and unloading ships.
Excise duties are paid on goods that are
imported into the country
manufactured within the company
exported to other clonutries
kept in bond warehouses
Correct answer is B
No explanation has been provided for this answer.
In foreign trade, document of title is known as
bill of lading
bill at sight
certifiate of origin
declaration form
Correct answer is A
No explanation has been provided for this answer.