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 internal regulations of a limited company are stated in the
Memorandum of Association
Certificate of Incorporation
Articles of Association
Share certificate
Correct answer is C
The article of association clearly states the activities and regulations that will bind and guide the internal dealings of a company
The document which helps to determine the country from where goods were imported is
bill of lading
ship's manifest
certificate of origin
certificate of trading
Correct answer is C
A certificate of origin is simply a document that states where the product was produced, manufactured, or processed.
Which of the following is a reduction in the catalogue price?
Rebate
Cash discount
Commission
Trade discount
Correct answer is D
No explanation has been provided for this answer.
Stocks, shares and debentures traded in the stock exchange are called
bears
bulls
securities
collaterals
Correct answer is C
No explanation has been provided for this answer.
For overstaying in a port, a ship is charged a fine called
dock due
commission
interest
demurrage
Correct answer is D
Demurrage refers to the penalty fee paid by cargo ship operators for over staying in a dock.