Commerce

The document issued to a port authority when goods are deposited is a?

A. dock landing account B. bill of sight C. bill of lading D. dock warrant Correct Answer: Option D -…

4 years ago

Entrepot trade usually occurs in?

A. exchanging goods within a nation B. exchanging goods among countries C. importing goods to be re-exported D. exporting goods…

4 years ago

The document that gives an importer a freehand to obtain goods from any manufacturer is?

A. a consular invoice B. a closed indents C. an open indent D. a freight note Correct Answer: Option C…

4 years ago

The comparison of a country’s visible and invisible exports and imports expressed in monetary term is?

A. balance of payment B. terms of trade C. balance of trade D. terms of payment Correct Answer: Option C…

4 years ago

The activity which entails buying of goods in bulk and selling in small quantities to retailers is?

A. assembling B. wholesaling C. retailing D. merchandising Correct Answer: Option B - wholesaling Explanation Wholesaling is the business of…

4 years ago

A trend in retailing which enables consumers to have free access to different products is?

A. after-sales services B. branding C. self-services D. vending machine Correct Answer: Option C - self-services Explanation Self-service; denoting a…

4 years ago

After-sales service is a function usually rendered by?

A. a retailer B. a wholesaler C. an agent D. an enterpreneur Correct Answer: Option A - a retailer Explanation…

4 years ago

A worker who process rice is engaged in?

A. constructive activity B. commercial activity C. extractive activity D. manufacturing activity Correct Answer: Option D - manufacturing activity Explanation…

4 years ago

Division of labour ultimately leads to?

A. conservation B. integration C. specialization D. repetition Correct Answer: Option C - specialization Explanation In a division of labor,…

4 years ago

The factor of production that is subject to depreciation is?

A. capital B. land C. labour D. entrepreneur Correct Answer: Option A - capital Explanation Capital depreciates because its value…

4 years ago