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It' i's revision time, take Commerce - CRM 2025 Mock

50/50 MCQs for:
CRM 2025 Mock
Which of the following documents provides details such as the type and quantity of goods, and the transporting agency's identification number?
When a payment is made using a cheque, what is the name of the bank that makes the payment?
What type of warehouse is used for storing goods on which customs duties have not yet been paid?
Which of the following is NOT a typical role of a retailer towards a manufacturer?
How is profit margin calculated?
What collective term describes all current assets of a business?
A retail establishment where a customer can purchase all their necessary items is known as a:
An agent who sells goods in their own name and issues receipts is called a:
What type of advertising involves an agent visiting homes directly to promote products?
Which advertising medium allows for both audio and visual content?
Which piece of legislation stipulates that goods sold must be suitable for their intended purpose?
Consumers practice self-care by doing which of the following?
What aid to trade specifically helps with the international buying and selling of goods (importation and exportation)?
What are vessels that do not follow a set route or schedule called?
What are the charges paid for exceeding the agreed-upon loading/unloading time (lay-days) for a vessel called?
How is entrepot trade described?
Which of the following is NOT an advantage of the division of labour?
What term describes companies that do not have branches or operations in other countries?
SOANRA and ENEO are examples of what type of entity?
What is the title given to the chief supervisor or ultimate leader of an enterprise?
Which of the following forms of business establishment is most common and easiest to operate in many countries?
Which of these types of businesses are exempt from certain taxes in Cameroon?
What is the term for the process of transferring ownership, management, and control of certain companies from the private sector to the public sector?
What is the act of selling a product under a unique identifying name or design called?
Which of the following is generally NOT considered when deciding on a distribution channel?
What is the service that allows a post office to facilitate the payment of a specific sum of money to an individual at another post office?
In a hire purchase contract, what fraction of the amount paid prevents the seller from repossessing the goods?
Which document is used to make advantageous corrections on an invoice for a customer?
What is the name for the regular, periodic payment made by an insured person to an insurance company?
What type of shares are subject to higher risk in the event of a company's financial loss or bankruptcy?
What is the primary objective of commerce?
Enterprises can be categorized based on the following criteria EXCEPT:
When an insurer is allowed to transfer a portion of a risk to another insurer, what is this practice called?
What kind of retail shops have their individual sections managed by 'buyers'?
What is the term for a restriction placed on the importation of a specific quantity of a particular good?
What is a foreign order given to an agent to purchase goods from any producer called?
Which document is legally required for a public company to commence operations?
In Cameroon, which mode of transport connects with and serves other modes of transport?
What is the act of enhancing the public image of a business known as?
In a life insurance policy, what is the amount paid to an insured person for discontinuing premium payments before maturity called?
How is internal trade typically subdivided?
What term describes the rate at which a country's exports are exchanged for its imports?
In a company, what does 'unlimited liability' mean that a shareholder loses if the company goes bankrupt?
A company had an authorized share capital of 30,000,000 FCFA. It offered applicants 20,000,000 FCFA in shares, and collected 15,000,000 FCFA. What is the issued capital?
A company had an authorized share capital of 30,000,000 FCFA. It offered applicants 20,000,000 FCFA in shares, and collected 15,000,000 FCFA. What is the paid-up capital?
Which of the following serves as proof of a shareholder's ownership in a company?
Which document informs the buyer that their goods are currently in transit?
What is the name given to a price reduction offered specifically for immediate cash payment?
Which function of money makes it easier to conduct sales on credit?
What bank facility allows customers to withdraw money even after regular business hours?