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.

361.

The term “consumer sovereignty” means that the consumer is a

A.

director

B.

king

C.

manager

D.

promoter

E.

target

Correct answer is B

No explanation has been provided for this answer.

362.

Which of the following services is NOT rendered by NITEL?

A.

Data Transmission

B.

Recorded Delivery

C.

Satellite

D.

Telex

E.

Telephone

Correct answer is C

No explanation has been provided for this answer.

363.

A typical example of an event covered by an Assurance Policy is

A.

accident

B.

burglary

C.

death

D.

fire

E.

theft

Correct answer is C

No explanation has been provided for this answer.

364.

The components of a balance of payments account are

A.

capital, current and fixed deposit

B.

capital, savings and fixed deposit

C.

current, capital and monetary movement

D.

current, savings and monetary movement

E.

current, savings and fixed deposit

Correct answer is C

No explanation has been provided for this answer.

365.

The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is

A.

advice note

B.

credit note

C.

debt note

D.

invoice

E.

pro-forma invoice

Correct answer is E

No explanation has been provided for this answer.