Commerce

Which of the following is sent in reply to a letter of enquiry?

A. Quotation B. Order C. Consumer invoice D. Advice note Correct Answer: Option B B. Order

6 years ago

The production of goods in anticipation of demand is possible because of the existence of?

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

6 years ago

A merchant who wishes to order goods from a foreign country sends?

A. an invoice B. an indent C. an advice note D. a credit note Correct Answer: Option B B. an…

6 years ago

When a country’s total visible and invisible exports are more than its visible and invisible imports, it has?

A. favourable balance of payments B. favourable balance of trade C. unfavourable balance of trade D. unfavourable balance of payment…

6 years ago

A refund of the duty collected on goods imported and processed for re-export is?

A. excise duty B. excise draw back C. preferential duty D. value-added tax Correct Answer: Option B B. excise draw…

6 years ago

Which of the following is not contained in an advice note?

A. Types of goods B. Price of goods C. Date of dispatch D. Means of dispatch Correct Answer: Option D…

6 years ago

A consignment note is used when?

A. goods are wrapped and labelled for easy identification B. goods are dispatched to agent through transporters C. damaged goods…

6 years ago

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

A. supermarket B. mail-order shop C. mobile shop D. multiple shop Correct Answer: Option A A. supermarket

6 years ago

A debenture is mortgaged when it is?

A. not secured on the assets of a company B. Secured on the assets of a company C. irredeemable D.…

6 years ago

Which of the following is true about cumulative preference shares?

A. Unpaid dividends are carried forward B. Shareholders can secure capital refund on demand C. Shareholders are entitled to further…

6 years ago