Commerce Past Questions And Answers
411
An organizational chart is used to
- A. determine the departmental objectives and targets
- B. show the hierarchy of staff
- C. implement policies on staff welfare
- D. measure variation on staff performance
412
An international trade practice where goods are exchanged for other goods is
- A. entrepot trade
- B. bilateral trade
- C. barter trade
- D. counter trade
413
Another name for sea taxi is
- A) tramp
- B) liner
- C) special freighter
- D) voyage charter
414
The board of directors of public enterprise is appointed by who?
- A. Employees
- B. management
- C. government
- D. shareholders
415
Turnover could be increased by
- A. increasing prices and product differentiation
- B. advertising and cutting prices
- C. refusing credit and customer services
- D. increasing the mark up and margin
416
Government policies relating to the establishment and operation of business are targeted at
- A. increasing the profit of business owners
- B. the general improvement of the economy
- C. even spread of facilities and employment
- D. diversification and expansion of business
417
Who among the following cannot be regarded as an itinerant trader
- A. Gypsy
- B. Barrow boy
- C. Pedlar
- D. Stall owner
418
The charges imposed by the government on locally manufactured goods is called
- A. customs duties
- B. excise duties
- C. tariffs
- D. quota
419
A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a
- A. statement of account
- B. consular invoice
- C. proforma invoice
- D. statement affairs
420
The instrument in the diagram is a
- A. cheque
- B. money order
- C. deposit slip
- D. warrant