Commerce

Which of the following is sent by a customer who wishes to know the price, quality and terms of sale of a product?

A. Quotation B. Letter of Enquiry C. Proforma invoice D. Advice note Correct Answer: Option B B. Letter of Enquiry

6 years ago

An agreement by which a buyer pays instalmentally but does until final settlement is made is?

A. hire purchase B. deferred payment C. conditional sale D. features trading Correct Answer: Option A A. hire purchase

6 years ago

Department store usually?

A. offers a wide variety of goods B. specializes in selling only household goods C. offer a few lines of…

6 years ago

In international trade the direct exchange of goods for goods is?

A. bilateral trade B. counter trade C. multi lateral trade D. entrepot trade Correct Answer: Option B B. counter trade

6 years ago

Which of the following requires acceptance before it can be valid?

A. Promissory note B. Bill of exchange C. Letter of credit D. Cheque Correct Answer: Option B B. Bill of…

6 years ago

The rate at which a country’s currency is converted to the currency of another country is known as?

A. terms of trade B. terms of payment C. exchange rate D. bank rate Correct Answer: Option C C. exchange…

6 years ago

A retail outlet meant to sell only a particular manufacturer’s product known as a?

A. co-operative shop B. chain store C. department store shop D. tied Correct Answer: Option B B. chain store

6 years ago

Where two or more companies agree to work on a project too large for one of them, this is called?

A. consortium B. merger C. combination D. cartel Correct Answer: Option A A. consortium

6 years ago

Detailed information about a public offer of a company’s shares is contained in the?

A. memorandum of association B. article of association C. letter of enquiry D. prospectus Correct Answer: Option D D. prospectus

6 years ago

When shares are sold “EX-DIV” it means that?

A. no dividend is paid on the shares B. the buyer receives the dividend C. the seller receives the dividends…

6 years ago