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 system of sales where goods are sold to the highest bidder is known as
credit sale
hire purchase
clearance sale
auction sale
Correct answer is D
No explanation has been provided for this answer.
In the absence of the bill of lading, which of the following is used o clear the goods
Bill of sight
Dock warrant
Certificate of Origin
Mate's receipt
Correct answer is C
No explanation has been provided for this answer.
Fidelity guarantee insurance will only cover
cashier's fraud
daylight robbery
loss of profit
unpaid loan
Correct answer is A
No explanation has been provided for this answer.
The charge paid to a ship owner for the unused part of a ship is known as
penalty
dock dues
dead freight
demurrage
Correct answer is C
No explanation has been provided for this answer.
The ratio between a country's exports and her imports prices is the
balance of trade
balance of payments
terms of trade
exchange rate
Correct answer is C
No explanation has been provided for this answer.