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 factor of production that combines others factors and bears the risks in production process is
capital
entrepreneur
land
labour
wages
Correct answer is C
No explanation has been provided for this answer.
Who among the following is the last link in the chain of distribution?
Consignor
Consumer
Producer
Retailer
Wholesaler
Correct answer is B
No explanation has been provided for this answer.
The agreement between an exporter and a ship owner to convey goods is known as
charter party
dock warrant
marine policy
shipping conference
ships manifest
Correct answer is A
No explanation has been provided for this answer.
A cheque is not a legal tender because it is
not mandatory to a creditor to accept it
not negotiable
transferable
only a representation of money
should be paid into a bank account
Correct answer is A
No explanation has been provided for this answer.
The reward of an agent working for a principal is a
bonus
commission
dividend
interest
profit
Correct answer is B
No explanation has been provided for this answer.