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.
Which of the following is drawn up as a guide to the running of a Partnership?
Deed of Agreement
Partnership Act
Memorandum of Association
Prospectus
Articles of Association
Correct answer is A
No explanation has been provided for this answer.
Goods in bonded warehouses are under the strict supervision of the
Customs Authority
Ports Authority
Importer
Clearing agent
Exporter
Correct answer is A
No explanation has been provided for this answer.
The price charged for leasing a ship is known as
way bill
haulage
clean bill
freight
demurrage
Correct answer is D
No explanation has been provided for this answer.
Uberrimae fidei
Subrogation
Indemnity
Proximate cause
Insurable interest
Correct answer is D
No explanation has been provided for this answer.
Which of the following may serve as delivery note?
Debit note
Credit note
Invoice
Advice note
Statement of account
Correct answer is C
No explanation has been provided for this answer.