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 selling of goods in small units is normally performed by
chambers of commerce
wholesalers
distributors
retailers
Correct answer is D
Retailer; is a person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.
fees imposed on contraband goods
fees paid on exports
taxes imposed on imported goods
taxes paid on home-made goods
Correct answer is C
Tariff; a tax or duty to be paid on a particular class of imports or exports.
Ad valorem duties are based on the
importance of the goods imported
value of the goods imported
weight of the goods imported
nature of the goods imported
Correct answer is B
Ad valorem duty; means according to the value. Import duties or taxes expressed as a percentage of value.
Which of the following is not a function of warehousing
Creating security of goods
Stabilization of price
Production ahead of demand
Storage of goods
Correct answer is B
No explanation has been provided for this answer.
A person's deliberate decision to reduce the value of her currency is called
deregulation
inflation
devaluation
revaluation
Correct answer is C
Devaluation; the reduction in the official value of a currency in relation to other currencies.