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 undertaking given by a person to another assuring his integrity is
proximate cause
fidelity guarantee
subrogation
insurable interest
Correct answer is B
fidelity guarantee; an undertaking to answer for the payment or performance of another person's debt or obligation in the event of a default by the person primarily responsible for it.
The most reliable and efficient means of conveying urgent documents is through
postal order
ordinary letters
registered letters
courier services
Correct answer is D
A Courier company is one which delivers messages, packages and mail and is known for their speed, security, tracking service and specialisation.
The two main forms of communication are
oral and written
verbal and non-verbal
e-mail and fax
traditional and modern media
Correct answer is B
The two main categories of communication styles include verbal and nonverbal.
Which of the following advertising medium appeals to only the literate in the society
radio advertising
print media advertising
television advertising
cinema advertising
Correct answer is B
Print media advertising is a form of advertising that uses physically printed media, such as magazines and newspapers, to reach consumers, business customers and prospects. This can only be effective to people who can read and write
A country's terms of trade are said to improve when the ratio of her export
decreases
remains constant
increases
equals import
Correct answer is C
Terms of trade (TOT) represent the ratio between a country's export prices and its import prices.. It improves When the exports are higher than the imports.