Commerce

Which of the following is a characteristic of a bearer cheque?

A. it is made with transverse lines B. it is made payable to whoever presents it C. it is made…

4 years ago

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price; this is stated as?

A. 3/9;net 30 B. 9/27;net 30 C. 30;net 9/3 D. 9/30;net 3 Correct Answer: Option D - 9/30;net 3 Explanation…

4 years ago

A document which serves as an order with details of goods required by an intending purchaser is?

A. a freight note B. an indent C. a bill of landing D. a way bill Correct Answer: Option B…

4 years ago

The document a seller uses in dispatching goods to a customer by a carrier is?

A. a bill of landing B. an invoice C. an advice note D. a delivery note Correct Answer: Option D…

4 years ago

The major problem encountered in international trade is that of?

A. distance B. differences in culture C. politics D. differences in currency Correct Answer: Option D - differences in currency…

4 years ago

The basis for international trade is embedded in the principle of?

A. absolute advantage B. globalization C. deregulation D. comparative advantage Correct Answer: Option D - comparative advantage Explanation A person…

4 years ago

The main purpose of branding is?

A. create identity for a product B. make a product look attractive C. create product awareness D. increase sales volume…

4 years ago

The sales of goods through a medium that accepts money and delivers the items to the customer is?

A. an automated teller machine B. a vending machiine C. a counting machine D. a branding machine Correct Answer: Option…

4 years ago

The allocation of tasks to different skills in a production process is referred to as?

A. production technique B. production function C. division of labour D. delegation of responsibility Correct Answer: Option C - division…

4 years ago

One of the inputs in production that can be motivated by remuneration is?

A. capital B. enterpreneur C. labour D. land Correct Answer: Option C - labour Explanation Labour is motivated by paying…

4 years ago