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.

3,206.

The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

A.

subrogation

B.

contribution

C.

re-insurance

D.

indemnity

Correct answer is C

No explanation has been provided for this answer.

3,207.

The main advantage of road transport is that it is

A.

convenient and flexible

B.

cheap and direct

C.

common and fast

D.

safe and available

Correct answer is A

No explanation has been provided for this answer.

3,208.

Spot market goods are those which are available for

A.

immidiate delivery

B.

short-term delivery

C.

long-term delivery

D.

end of the delivery

Correct answer is A

No explanation has been provided for this answer.

3,209.

Freight note is a document

A.

used by government to transport goods from one country to another

B.

issued by a shipping company giving details of charges

C.

used for payment for imported goods

D.

given by an importer to pay for goods at a future period

Correct answer is B

No explanation has been provided for this answer.

3,210.

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A.

I and II only

B.

I andIII only

C.

II and III only

D.

III and IV only

Correct answer is B

No explanation has been provided for this answer.