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.
What is NOT an essential element of a valid contract?
acceptance
compensation
consideration
legality
offer
Correct answer is B
No explanation has been provided for this answer.
Which document is used to advertise shares to the general public?
Letter of Allotment
Memorandum and Article Associations
Newspaper
Prospectus
Radio and television
Correct answer is D
No explanation has been provided for this answer.
What is the fastest means of sending documents from one place to another
courier services
express letters
parcels
quick delivery
registered letters
Correct answer is A
No explanation has been provided for this answer.
The compensation made to an insured for loss incurred in insurance is called
commission
indemnity
interest
pooling risks
premium
Correct answer is B
No explanation has been provided for this answer.
A statement of the current price and terms of trade of a product or service is called
debit note
letter of inquiry
order form
quotation
statement of account
Correct answer is D
No explanation has been provided for this answer.