Commerce Examination

What are the two main division of trade?

• Import and export

• enter port and export

• home and foreign

• All of the above

Which of the following is not associated with channel of distribution

• marketer

• retailer

• manufacturer

• wholesaler

The additional payment to the basic pay as a reward for good work is known as____

• profit

• bonus

• salary

• wages

Payment made to workers usually on weekly basis is called

• bonus

• wages

• incentives

• commission

Which of the following means of transportation requires runway for takeoff?

• Ship

• aero plane

• train

• car

The fastest means of transporting people and goods is by

• land

• air

• rail

• water

The trade that involves the exchange of goods or services between at least two countries is referred to _______

• commerce

• international trade

• domestic trade

• home trade

Manufacturer is also known as ______

• wholesaler

• producer

• consumer

• retailer

To buy on credit simply means_____

• paying instantly

• paying in a later time

• paying with cash

• paying in kind

The amount gain from the sales of product is referred to_______

• wages

• turnover

• profit

• lose