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 requires acceptances before it can be valid?
Promissory note
Bill of exchange
Letter of credit
Cheque
Correct answer is B
No explanation has been provided for this answer.
The rate at which a country's currency is converted to the currency of another country is known as?
terms of trade
terms of payment
exchange rate
bank rate
Correct answer is C
No explanation has been provided for this answer.
A retail outlet meant to sell only a particular manufacturer's product known as a?
co-operative shop
chain store
department store shop
tied
Correct answer is B
No explanation has been provided for this answer.
Where two or more companies agree to work on a project too large for one of them, this is called?
consortium
merger
combination
cartel
Correct answer is A
No explanation has been provided for this answer.
Detailed information about a public offer of a company's shares is contained in the?
memorandum of association
article of association
letter of enquiry
prospectus
Correct answer is D
No explanation has been provided for this answer.