Commerce

A firm that specializes in packing and shipping of goods is known as a?

A. forwarding agent B. general agent C. del credere agent D. cargo handling company Correct Answer: Option D D. cargo…

6 years ago

A person who gave his building as a security for loan is known as a?

A. trustee B. mortgagee C. mortgagor D. guarantor Correct Answer: Option D D. guarantor

6 years ago

A retail outlet with many branches all dealing in similar line of goods is described as a?

A. department store B. supermarket C. chain store D. hypermarket Correct Answer: Option B B. supermarket

6 years ago

An insurance principle which prevents an insured from making profit when compensated is known as?

A. proximate cause B. indemnity C. insurable interest D. utmost good faith Correct Answer: Option D D. utmost good faith

6 years ago

The term “fiduciary issue” means?

A. money issued without gold backing B. money issued with gold backing C. money issued as currency note D. gold…

6 years ago

A system of sales where goods are sold to the highest bidder is known as?

A. credit sale B. hire purchase C. clearance sale D. auction sale Correct Answer: Option D D. auction sale

6 years ago

In the absence of the bill of lading, which of the following is used o clear the goods?

A. Bill of sight B. Dock warrant C. Certificate of Origin D. Mate's receipt Correct Answer: Option C C. Certificate…

6 years ago

Fidelity guarantee insurance will only cover?

A. cashier's fraud B. daylight robbery C. loss of profit D. unpaid loan Correct Answer: Option A

6 years ago

The charge paid to a ship owner for the unused part of a ship is known as?

A. penalty B. dock dues C. dead freight D. demurrage Correct Answer: Option C C. dead freight

6 years ago

The ratio between a country’s exports and her imports prices is the?

A. balance of trade B. balance of payments C. terms of trade D. exchange rate Correct Answer: Option C C.…

6 years ago