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GCE Commerce 1990 Question 92

Question 92

Warehousing

Which of the following is the acceptable classification of warehouse?

  1. A.Ordinary, wholesale and state warehouse
  2. B.Ordinary, presidential and bonded warehouse
  3. C.Bonded, royal and queen warehouse
  4. D.Ordinary, off-shore and bonded warehouse
  5. E.Private, public and bonded warehouse
Show the answer and explanation

Answer: E (Private, public and bonded warehouse)

Explanation

Warehouses are classed as private (owned by a firm), public (rented out) and bonded (for goods awaiting customs duty).