Commerce Past Questions and Answers

When goods are sent through an independent carrier, the document used by the sender is

A A delivery note
B An advice note
C An invoice
D A consignment note
E A reciept

Question 677:

Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?

A Nature of the product
B Identification of potential customers
C Operating costs
D Existing local channel of distribution
E Provision of credit facilities to customers

Question 678:

Which of the following may be used to restrict imports?
i. Bill of lading ii. Specific Licenses iii.Foreign exchange rationing iv. Letters of credit v.Customs duties and tariffs

A I, ii and v only
B Ii, iii and v only
C Iii, iv and v only
D I, ii and iv only
E Ii, iii and iv only

Question 679:

Which of the following is not a reason for dishonoring a cheque?

A Insufficient funds
B Different amounts in words and figures
C Uninitiated alteration
D Wrong signature
E Special crossing

Question 680:

Which of the following is not true of a private limited company?

A The minimum number of shareholders is two
B Its shares are freely transferable
C There is a limit to the number of shareholders
D It is following separate legal entity
E It is a registered business