Commerce

Total sales less total returns inwards is called?

A. purchases B. net profit C. gross profit D. average stock E. net sales Correct Answer: Option E - net…

5 years ago

The production of goods in anticipation of demand is made possible by?

A. packaging B. warehousing C. branding D. advertising E. transporting Correct Answer: Option B - warehousing

5 years ago

Which of the following is not a means of making payment to a businessman?

A. bank draft B. cash C. money order D. cheque E. statements Correct Answer: Option E - statements

5 years ago

The value of anything expressed in monetary terms is the?

A. utility B. price C. service D. charge E. money Correct Answer: Option B - price

5 years ago

Which of the following documents may be used when an importer requires a longer period of credit before settlement?

A. letter of credit B. documentary credit C. bill of lading D. sight draft E. bill of exchange Correct Answer:…

5 years ago

An overdraft is usually granted a?

A. savings account holder B. deposit account holder C. current account holder D. loan account holder E. fixed deposit account…

5 years ago

Which of the following is a function of money _____?

A. Provision of double coincidence of wants B. Durability C. Standard for deferred payment D. Portability E. Divisibility Correct Answer:…

5 years ago

An author’s exclusive right to published and unpublished works is known as?

A. patent right B. fundamental human right C. copyright D. authorship E. constitutional right Correct Answer: Option C - copyright

5 years ago

With the exception of life assurance and personal accident insurance, contracts of insurance are contracts of?

A. premium B. indemnity C. proximate cause D. utmost good faith E. general average cause Correct Answer: Option B -…

5 years ago

The amount paid by the assured to the insurer is called?

A. interest B. premium C. dividend D. indemnity E. surrender value Correct Answer: Option B - premium

5 years ago