QUESTIONS (FOR THE USE OF STUDENTS) CHAPTER I 1. What is the difference (if any) between the meanings of the words commerce, trade, and business? 2. 3. 4. Mention the three principal divisions of British trade. Mention some important branches of trade. 5. Name the four chief trading nations, in order of importance. 6. Of what class of goods do the imports into this country mainly consist? 7. What are the chief articles of export from the United Kingdom? 8. What is meant by the "balance of trade"? 9. Give some reasons for our imports being always greater in value than our exports. 10. Name the principal classes of persons engaged in trade. 11. Explain the meanings of the terms "merchandise," "goods," "commodities." CHAPTER II 12. What is meant by (1) a direct sale, (2) a sale on commission, (3) a sale by auction? 13. Mention some articles which are sold by one or more of these methods. 14. Give the meanings of the following terms relating to the quality of goods sold: (1) sample, (2) standard, (3) description. 15. What are the principal terms used in reference to the price of goods, and what are their respective meanings ? 16. Mention some of the terms relating to the delivery of goods, and state their respective meanings. 17. What are the principal terms used in reference to payment for goods, and what are their respective meanings ? 18. What ought to be done when a contract for goods to the value of £10 or upwards is entered into, and for what reason? |