Commerce

An agreement whereby the seller transfers the title to goods at a price is called?

A. contract of sale B. a hire-purchase agreement C. an agency agreement D. a contract of carriage of goods E.…

5 years ago

The most important factor influencing the form of a business unit is?

A. expansion possibilities B. business integrity C. the amount of capital value D. adequate number of skilled employees E. the…

5 years ago

Who among the following is NOT a middleman?

A. a retailer B. broker C. factor D. consumer E. wholesaler Correct Answer: Option D - consumer

5 years ago

Terms of payments are quoted on the?

A. order form B. a device note C. credit note D. debit note E. invoice Correct Answer: Option E -…

5 years ago

Which of the following was the chief means of transport during the Tran-Saharan Trade?

A. Motor lorries B. Horses C. Camels D. Aeroplanes E. Barges Correct Answer: Option C - Camels

5 years ago

Who is liable for the contact entered into by the agent on behalf of his principal? The

A. agent B. principal C. agent and the principal D. third party E. lawyer who drew up the agreement Correct…

5 years ago

A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?

A. debit note B. invoice C. statement D. receipt E. consignment note Correct Answer: Option C - statement

5 years ago

That part of the money in circulation not backed by gold is known as?

A. exchange equalization fund B. fiduciary issue C. note and coins D. ordinary note issue E. fictitious assets Correct Answer:…

5 years ago

The system of parting with authority not responsibility is known as?

A. controlling B. planning C. delegating D. motivating E. coordinating Correct Answer: Option C - delegating

5 years ago

Which of the following is not a reason for imposing custom duty? The need to

A. raise revenue B. protect home industry C. prevent dumping D. decrease the volume of world trade E. retaliate Correct…

5 years ago