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.
One of the barriers to foreign trade is the presence of
difference in goods and services
different means of transportation
many society personnel
tariffs on goods and services
various means of production
Correct answer is D
No explanation has been provided for this answer.
Which of the following invites the general public to subscribe for its shares?
Co-operative
Private liability company
Public corporation
Public liability company
Sole proprietorship
Correct answer is D
No explanation has been provided for this answer.
Which of the following does NOT relate to marine insurance?... policy
Endowment
Floating
Time
Valued
Voyage
Correct answer is A
No explanation has been provided for this answer.
......is a letter sent to the suppliers requesting details of goods offered for sale
An Invoice
Letter of enquiry
Purchase order
Requisition
Quotation
Correct answer is B
No explanation has been provided for this answer.
The reward for Labour as a factor of production is
interest
premium
profit
rent
wage
Correct answer is E
No explanation has been provided for this answer.