Commerce

The commercial term “Caveat emptor” means, Let the?

A. buyer beware B. seller beware C. manufacturer beware D. account be settled E. endorser be careful Correct Answer: Option…

6 years ago

Which of the following functions may not be performed by a whole saler?

A. Transporting B. Warehousing C. Financing D. Branding E. Manufacturing Correct Answer: Option E - Manufacturing

6 years ago

Which of the following services is not rendered by NIPOST?

A. Express delivery B. Recorded delivery C. Parcel post D. Telephone E. Cash delivery Correct Answer: Option D - Telephone

6 years ago

The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is?

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

6 years ago

Management is?

A. getting things done through other people B. the implementation of business decision C. the number of levels in an…

6 years ago

A statement of account is a?

A. summary of goods sold to a customer for a particular item B. note to inform the customer of an…

6 years ago

For which of the following reasons would a seller not issue a credit note to a customer? If

A. goods are undercharged B. goods are damaged C. bottles are returned D. goods are overcharged E. fewer goods are…

6 years ago

Which of the following does not aim at protecting the customer?

A. Sales of Goods Act B. Fair Trading Act C. Price Control Act D. Partnership Act E. Foods and Drugs…

6 years ago

The contract between ship owners and hires whereby the hires take full control of the ship is called?

A. time charter B. charter by demise C. shipping conference D. voyage charter E. charter party Correct Answer: Option E…

6 years ago

Which of the following is not a source of capital?

A. Personal savings B. Credit transfer C. Bank Loan D. Credit purchase E. Debenture Correct Answer: Option B - Credit…

6 years ago