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 example of a secured loan is
backdraft
co-operative loan
mortgage
overdraft
trade credit
Correct answer is C
No explanation has been provided for this answer.
A document that is sent by the seller to the buyer to indicate an increase in the annual owes is
credit note
debit note
invoice
letter of credit
receipt
Correct answer is B
No explanation has been provided for this answer.
The department responsible for recruitment and promotion of staff is
finance
legal
personnel
production
purchases
Correct answer is C
No explanation has been provided for this answer.
The final stage in the production process is
consumption
manufacturing
retailing
warehousing
wholesaling
Correct answer is A
No explanation has been provided for this answer.
Who among the following engages in extractive activities?
Flour miller
Fisherman
Porter
Singer
Surgeon
Correct answer is B
No explanation has been provided for this answer.