Commerce

With regard to payment, the amount payable when no deductions are made is called?

A. net price B. spot cash C. not profit D. prompt cash E. draft Correct Answer: Option E - draft

5 years ago

Which of the following is not necessary when ordering goods?

A. Trade journal B. Letter of inquiry C. Invoice D. Order form E. Catalogue Correct Answer: Option C - Invoice

5 years ago

The last link in the chain of distribution is the?

A. wholesaler B. retailer C. consumer D. factor E. advertiser Correct Answer: Option C - consumer

5 years ago

The rate at which a country’s exports exchange for its imports is called?

A. balance of payments B. balance of trade C. terms of delivery D. terms of trade E. counter trade Correct…

5 years ago

It is advantageous to provide services which are natural monopoly through?

A. sole trades B. partnership C. public limited liabilities companies D. public enterprises E. co-operative societies Correct Answer: Option D…

5 years ago

The process whereby a firm buys over the assets and liabilities of another firm is known as?

A. amalgamation B. cartel C. factoring D. holding E. combine Correct Answer: Option D - holding

5 years ago

Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?

A. a trespass B. a nuisance C. ultra vires D. uberrimae fidei E. caveat emptor Correct Answer: Option C -…

5 years ago

Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?

A. F.O.R B. C & F C. F.A.S D. F.O.B E. C.I.F Correct Answer: Option E - C.I.F

5 years ago

Warehousing is one of the functions of the?

A. wholesaler B. retailer C. Chamber of commerce D. Ministry of Trade and Industry E. Export Promotion Department Correct Answer:…

5 years ago

A teleprinter is used to transit?

A. important documents through the post office B. typed message quickly over long distance C. data to and from computer…

5 years ago