Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

981.

Which of the following is mostly used by a mail order business to sell goods

A.

Posters

B.

Catalogues

C.

Journals

D.

Magazines

Correct answer is B

No explanation has been provided for this answer.

982.

A refund of the duty collected on goods imported into a country which are later re-exported is called

A.

excise duty

B.

ad valorem tax

C.

customs drawback

D.

demurrage

Correct answer is C

No explanation has been provided for this answer.

983.

Okoni and Co. law chamber is an example of a

A.

sole proprietorship

B.

partnership

C.

co-operative society

D.

public limited company

Correct answer is B

No explanation has been provided for this answer.

984.

A firm that accepts, sells and delivers goods by post is a

A.

supermarket

B.

multiple store

C.

department store

D.

mail order business

Correct answer is D

No explanation has been provided for this answer.

985.

Which of the following cannot be used to regulate importation?

A.

Import quota

B.

Import license

C.

Imposition of embargo

D.

Increase of excise duty

Correct answer is D

No explanation has been provided for this answer.