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 symbol that is used to distinguish a company's product from others is a
licence
trade mark
patent right
trade permit
copy right
Correct answer is B
No explanation has been provided for this answer.
Penalty imposed by a ship owner for exceeding the period charter is
lump sum
dock dues
tariff
demurrage
dead frieght
Correct answer is D
No explanation has been provided for this answer.
One advantage of direct selling is
low cost
immediate feedback
mass appeal
self-service
speedy market coverage
Correct answer is B
No explanation has been provided for this answer.
Which of the following guarantees payment on presentation?
Certified cheque
Crossed cheque
Order cheque
Bearer cheque
Open cheque
Correct answer is D
No explanation has been provided for this answer.
Which of the following is legally used by the insured while the policy is being processed?
Cover note
Proposal form
Indemnity form
Premium
Claim Form
Correct answer is A
No explanation has been provided for this answer.