Commerce FiniteQuest

Commerce

1 / 10

_____________commerce is the process of marketing and selling products between two businesses online.

2 / 10

__________ established rules for tariffs relating to the import and export of goods between countries

WTO and WHO

WTO and GATT

GATT

GATT and WHO

3 / 10

Which of the following is the best definition of transaction cost?

the cost of changing prices

the cost of participating in a market

the cost merchants pay to bring their goods to market

4 / 10

E-commerce can be defined as

the use of the Internet, the Web, and mobile apps to transact business.

the use of any Internet technologies in a firm’s daily activities.

the digital enablement of transactions and processes within an organization.

any digitally enabled transactions among individuals and organizations.

5 / 10

A flexible exchange rate is a type of rate that is ascertained by the demand and supply of distinct currencies in the _____________.

6 / 10

Legal reserve ratio is equal to _______.

CRR/SLR

CRR – SLR

SLR – CLR

CRR + SLR

7 / 10

Cash paid against trade payable belongs to which of the following?

No effect

Operating activities

Financing activities

Investing activities

8 / 10

According to __________ theory, by vertically integrating backward to gain control over the source of raw material, a firm can raise entry barriers and shut new competitors out of an industry.

9 / 10

What is a backward integration?

Price rise caused by the excess of demand over supply

Dumping a large number of a company’s shares on the stock market to bring down their price.

The ratio between long term debts and equity funds

Acquiring companies which produce the raw materials a company uses

10 / 10

What does IBRD stand for?

International Bank for Reconstruction and Development.

Indian Bank for Reconstruction and Development.

International Bank for Research and Development.

Indian Bank for Research and Development.

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