Commerce

A public limited liability company can be entered into contracts because it?

A. has many employees B. has shareholders C. is legal entity D. is allowed to take out debentures Correct Answer:…

6 years ago

Total assets minus current liabilities is equal to a company’s?

A. gross profit B. net profit C. capital owned D. capital employed Correct Answer: Option C C. capital owned

6 years ago

Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?

A. Bill of exchange B. Certificate of origin C. Consumers invoice D. Bill of sight Correct Answer: Option B B.…

6 years ago

Which of the following tells the customer exactly what has been sold to him, the amount due, and any discount granted?

A. Advice note B. Statement C. Invoice D. Credit note Correct Answer: Option C C. Invoice

6 years ago

To sell a bill at less that the face value before its maturity is?

A. discounting B. retiring C. accepting D. noting Correct Answer: Option A A. discounting

6 years ago

Entrepot trade means?

A. exchange of goods between two countries B. exchange of goods among many countries C. exporting goods to be re-imported…

6 years ago

Which of the following requires services of middlemen?

A. Technical goods B. Expensive goods C. Convenience goods D. Perishable goods Correct Answer: Option C C. Convenience goods

6 years ago

The refund made by on goods re-exported after being imported is known as?

A. import duty B. export duty C. excise drawback D. customs drawback Correct Answer: Option D D. customs drawback

6 years ago

Which of the following is not a function of retailing?

A. Buying in bulk and warehousing B. Buying and selling in bits to consumers C. Advising consumers on the right…

6 years ago

Which of the following is an advantage of large scale retailing?

A. Decline in personal service B. Pilfering C. High overhead cost D. One-stop shopping Correct Answer: Option D D. One-stop…

6 years ago