Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following is not a function of warehousing?
Provision of storage facilities
Availability of goods where needed
Availability of goods when needed
Reduction of price fluctuation
Production in anticipation of demand
Correct answer is B
No explanation has been provided for this answer.
The telephone service through which one can dial any number,local,trunk or overseas is known as?
internal communication system
standard dialling system
subscriber's trunk dialling system
international telecommunication
coded dialling order
Correct answer is C
No explanation has been provided for this answer.
Which of the following defines communication?
Movement of goods
Transmission of information
Movement of people
Storing of information
Distribution of newspapers
Correct answer is B
No explanation has been provided for this answer.
The charge paid for failing to off-load a vehicle within a stipulated time is called?
freight
demurrage
fine
fare
floating charge
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not one of the 4m's of business resources?
Method
Men
Money
Material
Machine
Correct answer is A
No explanation has been provided for this answer.