Commerce

A carton of spoons valued at #3,000.00 was invoiced at #300 only. Which of the following documents would be used by the seller to correct the error?

A. A credit note for #3,300.00 B. A debit note for #3000.00 C. A credit note for #2,700.00 D. An…

6 years ago

An organized market for securities is called?

A. Money Market B. Future Market C. Stock Exchange Market D. Spot Market E. Hyper Market Correct Answer: Option C…

6 years ago

The cost of goods sold divided by the average stock held during a trading period gives the?

A. gross profit B. net profit C. net sales D. rate of stock turnover E. sum of the opening and…

6 years ago

A common carrier is?

A. a car hire company B. one who engages in the transportation of passengers only C. an apprentice who helps…

6 years ago

Which of the following is issued to the exporter or his agent when the goods has been loaded in the ship?

A. Bill of exchange B. Mate's receipt C. Ship's manifest D. Bill of sight E. Customs declaration form Correct Answer:…

6 years ago

Which of the following is not a characteristic of Charter party?

A. It is a contract for carriage by sea B. Its document shows freight charges and destination C. There are…

6 years ago

Which of the following is a disadvantage of air transport?

A. High speed B. Less risk C. High cost D. Moves on schedule E. Conveys perishable goods Correct Answer: Option…

6 years ago

Which of the following is not true of branding?

A. Facilitates identification of goods B. Leads to increased sales and deeper loyalty C. Makes market segmentation easier D. Encourages…

6 years ago

The difference between the total amount owed to a country and the total amount owed by it is?

A. trade surplus B. terms of trade C. trade gap D. balance of trade E. balance of payments Correct Answer:…

6 years ago

Which of the following are true of a bill of lading?

i. it is a means of payment in foreign trade. ii. it is document of title to goods. iii. it…

6 years ago