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.

421.

Organizational chart is a diagram showing the

A.

flow of authority and responsibilities in a organization

B.

offices of both subordinates and officials

C.

organization of staff in an organization

D.

positions of workers in an organization

E.

span of management control

Correct answer is A

No explanation has been provided for this answer.

422.

The act of bringing a privately owned business under exclusive state ownership and control is referred to as

A.

commercialization

B.

indigenization

C.

nationalization

D.

privatization

E.

rationalization

Correct answer is C

No explanation has been provided for this answer.

423.

Who takes the initial step to form a company prior to its incorporation?

A.

Company secretary

B.

Managing director

C.

Promoter

D.

Registrar of company

E.

shareholder

Correct answer is C

No explanation has been provided for this answer.

424.

A document which can be used for both internal and external trade is

A.

bill of exchange

B.

GIRO

C.

I.O.U

D.

portal orders

E.

promising note.

Correct answer is A

No explanation has been provided for this answer.

425.

Which of the following does not relate to foreign trade?

A.

Certificate of origin

B.

Chartered party

C.

Dumping

D.

Export duties

E.

Export license

Correct answer is D

No explanation has been provided for this answer.