Commerce Past Questions And Answers
2311
The type of activity which turns processed raw materials into consumer and industrial goods is described as
- A) extractive
- B) manufacturing
- C) constructive
- D) processing
2312
The concept that refers to the sale, transfer or exchange of goods and services is
- A. industry
- B. trade
- C. tariff
- D. marketing
2313
An offer of new shares made to existing shareholders at a preferential price is called?
- A. bonus issue
- B. rights issue
- C. private placing
- D. debenture
2314
Which of the following rs an internal source of capital to a business concern?
- A) Trade credit
- B) Debenture
- C) Overdraft
- D) Retained profit
2315
The time allowed for unloading and loading a ship is referred to as
- A. demurrage
- B. lay days
- C. charter party
- D. charter by demise
2316
Partnership form of business is most appropriate?
- A. where professionals are needed
- B. for non-profit making ventures
- C. where very large capital is required
- D. where the liability of members is limited
2317
Which of the following is not required in the mail order business?
- A. Warehouse
- B. Catalogue
- C. Display room
- D. Post office
2318
The process of changing the form of a new material is known as?
- A. fabrication
- B. extraction
- C. conversion
- D. production
2319
When a price is quoted at F.O.B. it means that the price?
- A. excludes loading charges incurred in bringing the goods to port of destinction
- B. exclude all necessary shipping charges payable for insurrance
- C. includes all charges payable on shipping a consignment to the port destination
- D. includes charges payable for for loading goods onto the ship
2320
A bank whose name is printed on a cheque leaf is known as the?
- A. drawer
- B. payer
- C. drawee
- D. payee