Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,986.

Which of the following terms of price quotation includes cost of transportation to buyers premises?

A.

FOB

B.

C & F

C.

FOR

D.

FAS

E.

Exship

Correct answer is B

No explanation has been provided for this answer.

1,987.

Which of the following protects consumers against poor quality goods?

A.

Nigerian Chambers of Commerce

B.

Standards Organization of Nigeria

C.

Trade Association

D.

Manufacturers Association of Nigeria

E.

Nigerian National Supply Company

Correct answer is B

No explanation has been provided for this answer.

1,988.

Which of the following services is not rendered by NIPOST?

A.

Poste Restante

B.

Express delivery

C.

C.W.O

D.

Telegram

E.

Registered post

Correct answer is D

No explanation has been provided for this answer.

1,989.

The machine used in sending telex message is known as?

A.

photocopier

B.

typewriter

C.

teleprinter

D.

punching machine

E.

dictaphone

Correct answer is C

No explanation has been provided for this answer.

1,990.

Goods discharged from ship on which import duties have not been paid are kept in the?

A.

ordinary warehouse

B.

private warehouse

C.

public warehouse

D.

wholesaler warehouse

E.

bonded warehouse

Correct answer is E

No explanation has been provided for this answer.