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 agent who takes possession of goods and sells in his own name is known as?
a broker
a del credere agent
an auctioneer
a factor
Correct answer is D
No explanation has been provided for this answer.
CIF
FAS
Franco
Loco
Correct answer is C
No explanation has been provided for this answer.
A document from a seller which corrects an under-charge on a buyer's account is known as?
proforma invoice
credit note
debit note
statement of account
Correct answer is C
No explanation has been provided for this answer.
E & O.E
C.I.F
C.O.D
C.W.O
Correct answer is A
No explanation has been provided for this answer.
All human efforts geared towards the production of goods and services is?
entrepreneurship
labour
capital
occupation
Correct answer is B
No explanation has been provided for this answer.