Commerce

The extra commission for pledging full settlement of the wholesaler to the manufacturer?

A. Warehousing B. Quality Control C. Financing D. Bulk -breaking Correct Answer: Option D D. Bulk -breaking

6 years ago

An agent who takes possession of goods and sells in his own name is known as?

A. a broker B. a del credere agent C. an auctioneer D. a factor Correct Answer: Option D D. a…

6 years ago

A document from a seller which corrects an under-charge on a buyer’s account is known as?

A. proforma invoice B. credit note C. debit note D. statement of account Correct Answer: Option C C. debit note

6 years ago

Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice?

A. E & O.E B. C.I.F C. C.O.D D. C.W.O Correct Answer: Option A A. E & O.E

6 years ago

All human efforts geared towards the production of goods and services is?

A. entrepreneurship B. labour C. capital D. occupation Correct Answer: Option B B. labour

6 years ago

Which of the following is a creditor legally bound to accept for settlement of a debt?

A. Bank draft B. Bank note C. Money order D. Cheque Correct Answer: Option A A. Bank draft

6 years ago

Agriculture operative banks are best classified under?

A. commercial banks B. savings banks C. merchant banks D. specialized banks Correct Answer: Option D D. specialized banks

6 years ago

A bundle of shares is called?

A. stock B. bonus issue C. debenture D. rights issue Correct Answer: Option A A. stock

6 years ago

The authority given to a bank to make regular payments on behalf of a customer for a specified purpose is known as?

A. bank draft B. credit transfer C. standing order D. certified cheque Correct Answer: Option C C. standing order

6 years ago