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O-LevelCommerceFinance7100/11 · Oct/Nov 2013 · Q131 Mark

What does a factor do?

Aarranges insurance for goods
Bbrings buyers and sellers of shares together
Cguarantees to sell goods for the exporter
Dsells goods on behalf of his principal

✓ Correct answer

D: sells goods on behalf of his principal

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About this question

Topic
Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2013 Paper 1 Variant 1, question 13.

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