Commerce

Taxes on imported foreign goods are also known as?

A. excise duties B. tariffs C. ad valorem taxes D. dock dues Correct Answer: Option B B. tariffs

6 years ago

The last link in the channel of distribution is the?

A. retailer B. consumer C. wholesaler D. producer Correct Answer: Option B B. consumer

6 years ago

Which of the following are elements of a valid contract?

A. Discharge and performance B. Offer and acceptance C. Age and maturity D. Promise and capacity Correct Answer: Option B…

6 years ago

One of the advantages of air transport over other forms of transport is?

A. safety B. flexibility C. cost D. speed Correct Answer: Option D D. speed

6 years ago

That portion of the share capital that the company has asked the shareholders to pay for is known as?

A. authorized capital B. paid-up capital C. issued capital D. called-up capital Correct Answer: Option D D. called-up capital

6 years ago

The co-operative society that performs a combination of the functions of other types of cooperatives is called?

A. consumer cooperative B. multipurpose cooperative C. producer cooperative D. thrift and credit cooperative Correct Answer: Option B B. multipurpose…

6 years ago

Which of the following is used to inform the addressee that he has a registered parcel for collection?

A. Counterfoil B. Express label C. Slip D. Telegram Correct Answer: Option C C. Slip

6 years ago

Which of the following is not pre-sale service?

A. Repair and maintenance work B. Providing detailed information about the goods to be purchased C. Demonstrating the use and…

6 years ago

Payment to a shipowner for carrying one’s cargo is?

A. demurrage B. fare C. dock due D. freight Correct Answer: Option D D. freight

6 years ago

The reward received by a party in a contract agreement is known as?

A. consideration B. acceptance C. offer D. warranty Correct Answer: Option A A. consideration

6 years ago
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