Commerce Practice Tests – Home and Foreign Trade (Questions with Answers and Explanations)

The document with which a manufacturing enterprise releases stock of raw materials to the factory for production is called ______

A. stock release form     B. goods received note     C. store issues voucher     D. materials release note

The mode of transportation that is noted for on time dependability and low cost per unit on goods carried is _______

A. pipeline     B. air    C. rail      D. road

The document issued by the seller which gives details of the goods he sells is known as _____ 

A. catalogue     B. tender    C. price list     D. invoice.

Which of the following documents permits an importer to inspect his goods before the arrival of the bill of lading?

A. Bill of sight      B. Import invoice      C. Consular invoice      D. Bill of exchange

The current trends in retailing competition in Nigeria are ______ 

A. self-service, after sales service and branding strategies
B. branding, enterprising and differentiation of goods and services
C. advertising and sales promotion strategies
D. after sales service and sales promotion strategies