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 agreement whereby the seller transfers the title to goods at a price is called?
contract of sale
a hire-purchase agreement
an agency agreement
a contract of carriage of goods
haggling
Correct answer is A
No explanation has been provided for this answer.
Who is liable for the contact entered into by the agent on behalf of his principal? The
agent
principal
agent and the principal
third party
lawyer who drew up the agreement
Correct answer is B
No explanation has been provided for this answer.
debit note
invoice
statement
receipt
consignment note
Correct answer is C
No explanation has been provided for this answer.
That part of the money in circulation not backed by gold is known as?
exchange equalization fund
fiduciary issue
note and coins
ordinary note issue
fictitious assets
Correct answer is B
No explanation has been provided for this answer.
The system of parting with authority not responsibility is known as?
controlling
planning
delegating
movtivating
co-ordinating
Correct answer is C
No explanation has been provided for this answer.