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 term “caveat emptor” implies that
credit is not allowed
goods are still with the seller
goods have been transferred to the buyer
let the buyer beware
let the seller beware
Correct answer is D
No explanation has been provided for this answer.
The rules and regulations guiding the conduct of business transactions are known as ……. law
civil
commercial
common
contract
criminal
Correct answer is B
No explanation has been provided for this answer.
del-credere
general
sales
special
universal
Correct answer is A
No explanation has been provided for this answer.
The act of being on one job for expertise is called
division of labour
immobility
independence
separation of power
specialization
Correct answer is E
No explanation has been provided for this answer.
The functions of public corporations include the following EXCEPT
maximizing profits for the board members
providing employment opportunities
providing essential services to the public
providing even development
providing the public with social amenities at reduced cost.
Correct answer is A
No explanation has been provided for this answer.