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.

1,101.

Which of the following is not a principle of insurance

A.

indemnity

B.

insurable risk

C.

Subrogation

D.

Insurable interest

Correct answer is A

No explanation has been provided for this answer.

1,102.

Which of the following is not provided by the post office?

A.

Recorded delivery service

B.

Business reply service

C.

Express delivery service

D.

After sales service

Correct answer is A

No explanation has been provided for this answer.

1,103.

The practice whereby a firm prepays the postage for the response of its customers is known as

A.

express delivery

B.

post restante

C.

recorded delivery service

D.

business reply service

Correct answer is B

No explanation has been provided for this answer.

1,104.

A distinctive feature of a personal selling is the

A.

face to face meeting of seller and buyer

B.

selling of cheap items only

C.

sale of industrial goods only

D.

hawking of goods

Correct answer is A

No explanation has been provided for this answer.

1,105.

People who are against advertising claim that it

A.

widens the market for consumer goods

B.

encourages consumers to buy what they do not need

C.

emphasizes the good feature of a particular product

D.

promotes competion among firms

Correct answer is D

No explanation has been provided for this answer.