Commerce

The price charged for leasing a ship is known as?

A. waybill B. haulage C. clean bill D. freight E. demurrage Correct Answer: Option D - freight

6 years ago

Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated??

A. Uberrimae fidei B. Subrogation C. Indemnity D. Proximate cause E. Insurable interest Correct Answer: Option D - Proximate cause

6 years ago

Which of the following may serve as delivery note?

A. Debit note B. Credit note C. Invoice D. Advice note E. Statement of account Correct Answer: Option C -…

6 years ago

Specialization is possible as a result of?

A. good roads B. education C. demand for goods D. growth in population E. exchange Correct Answer: Option E -…

6 years ago

Another name for consignment note is?

A. quotation B. waybill C. debit note D. receipt E. credit note Correct Answer: Option B - waybill

6 years ago

The department that deals with internal grievances and maintenance of discipline in an organization is the?

A. accounts B. maintenance C. personnel D. public relations E. productions Correct Answer: Option C - personnel

6 years ago

Which of the following is applicable to foreign trade only?

A. Pro forma invoice B. insurance policy C. Order D. Bill of exchange E. Consular invoice Correct Answer: Option E…

6 years ago

An organization that builds access roads for the benefit of the community in which it is located has fulfilled its?

A. legal responsibility B. political responsibility C. social responsibility D. technological responsibility E. economic responsibility Correct Answer: Option C -…

6 years ago

The form given by the Customs Authority to enable an importer examine goods before the arrival of the bill of lading is known as?

A. entry for warehousing B. certificate of origin C. bill of sight D. bill of exchange E. dock warrant Correct…

6 years ago

Which of these management functions involves checking performance against set standards?

A. Controlling B. Coordinating C. Planning D. Directing E. Organizing Correct Answer: Option A - Controlling

6 years ago