Commerce

C % F as a price quotation in foreign trade means that the buyer?

A. is responsible for clearing and forwarding the goods B. has to pay for cost and freight C. pays for…

6 years ago

Which of the following abbreviations permits the seller to correct any error in an invoice?

A. F.O.R B. C.I.F C. C.E % O.E D. I.O.U Correct Answer: Option B B. C.I.F

6 years ago

The aid to trade responsible for the preservation of perishable items is?

A. warehousing B. insurance C. transportation D. warehousing Correct Answer: Option A A. warehousing

6 years ago

Terms of trade refers to?

A. agreement between two trading countries B. the difference between the value of imports and exports C. the relationship between…

6 years ago

Which of the following is not a function of the Ports Authority?

A. controlling pollution in rivers B. providing parking space for vehicles C. providing storage and warehousing facilities at the docks…

6 years ago

The most acceptable means of payment in foreign transactions is?

A. personal cheques B. central bank cheques C. irrevocable letters of credit D. bank drafts Correct Answer: Option C C.…

6 years ago

Which of the following is regarded as a document of title in foreign trade?

A. consular invoice B. bill of lading C. bill of sight D. certificate of origin Correct Answer: Option D D.…

6 years ago

Manufacturers sell directly to consumers when they?

A. want to make profit B. wish to eliminate all transport costs C. live far away from them D. deal…

6 years ago

Which of the following distinguishes supermarkets from other retail outlets?

A. use of self-service B. standard shop fronts C. sale of food items and household goods D. provision of parking…

6 years ago

Which of the following makes sales possible without a sales attendant?

A. telex machine B. fax machine C. vending machine D. franking machine Correct Answer: Option C C. vending machine

6 years ago