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.

3,141.

Spot market goods are those which are available for

A.

immidiate delivery

B.

short-term delivery

C.

long-term delivery

D.

end of the delivery

Correct answer is A

No explanation has been provided for this answer.

3,142.

Freight note is a document

A.

used by government to transport goods from one country to another

B.

issued by a shipping company giving details of charges

C.

used for payment for imported goods

D.

given by an importer to pay for goods at a future period

Correct answer is B

No explanation has been provided for this answer.

3,143.

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A.

I and II only

B.

I andIII only

C.

II and III only

D.

III and IV only

Correct answer is B

No explanation has been provided for this answer.

3,144.

The lake Chad Basin commission was founded to enable member states

A.

expand the volume of water in the lake for fishing activities

B.

increase navigational activities on the lake

C.

dam the lake for electricity and agricultural purposes

D.

co-ordinate their efforts in managing the use of the lake's resources

Correct answer is D

No explanation has been provided for this answer.

3,145.

The West African clearing House became legally operational on

A.

1st july, 1976

B.

25th june, 1975

C.

14th march, 1975

D.

3rd may, 1974

Correct answer is A

No explanation has been provided for this answer.