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.

2,141.

A bill of exchange to which document of title are attached is known as?

A.

documentary credit

B.

certified bill

C.

documentary bill

D.

irrevocable bill

E.

bill of lading

Correct answer is C

No explanation has been provided for this answer.

2,142.

An organization chart shows the?

A.

relative position of employeesin a firm

B.

customers position in a firm

C.

order in which tasks should be tackled

D.

specification of various jobs in a firm

E.

the profit position of the firm

Correct answer is A

No explanation has been provided for this answer.

2,143.

Equity interest in a company is represented by?

A.

preference shares

B.

retained earnings

C.

debentures

D.

bonds

E.

ordinary shares

Correct answer is E

No explanation has been provided for this answer.

2,144.

The consumer is always right. This describes the doctrine of?

A.

social responsibility

B.

consumer movement

C.

consumer sovereignty

D.

consumer protection

E.

caveat venditor

Correct answer is C

No explanation has been provided for this answer.

2,145.

The main aim of the ECOWAS is the?

A.

elimination of aparthied

B.

formation of West African High Command

C.

formation of Government of West African States

D.

Promotion of economic and cultural interaction

E.

promotion of ethnic and rural integration among members states

Correct answer is D

No explanation has been provided for this answer.