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.
An insurance company shares its accepted risk with others in the form of
reinsurance
subrogation
mutual insurance
fidelity guarantee insurance
contribution
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a credit instrument used in business transactions?
Luncheon voucher
Bill of exchange
Promissory note
Bank note
Fuel voucher
Correct answer is E
No explanation has been provided for this answer.
Containers are suitable for transporting goods by
sea only
road only
sea and rail only
road and sea only
road, sea and rail
Correct answer is E
No explanation has been provided for this answer.
The primary purpose of credit cards is to
obtain goods without paying cash on the spot
obtain a loan from the bank
obtain a loan from a trader
persuade a business man to cash a cheque
provide a means of identifyng the holder
Correct answer is A
No explanation has been provided for this answer.
Industrial, commercial and direct services are branches of
manufacturing
occupation
exchange
distribution
specialization
Correct answer is B
No explanation has been provided for this answer.