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.
A firm that specializes in packing and shipping of goods is known as a
forwarding agent
general agent
del credere agent
cargo handling company
Correct answer is D
No explanation has been provided for this answer.
A person who gave his building as a security for loan is known as a
trustee
mortgagee
mortgagor
guarantor
Correct answer is D
No explanation has been provided for this answer.
A retail outlet with many branches all dealing in similar line of goods is described as a
department store
supermarket
chain store
hypermarket
Correct answer is B
No explanation has been provided for this answer.
An insurance principle which prevents an insured from making profit when compensated is known as
proximate cause
indemnity
insurable interest
utmost good faith
Correct answer is D
No explanation has been provided for this answer.
The term "fiduciary issue" means
money issued without gold backing
money issued with gold backing
money issued as currency note
gold reserve
Correct answer is A
No explanation has been provided for this answer.