The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of
- A. proximate cause
- B. insurable interest
- C. insurance priority
- D. subrogation
The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of
- A. proximate cause
- B. insurable interest
- C. insurance priority
- D. subrogation
Communication is relevant to business activities because it
- A. creates wealth for people
- B. reduces the cost and risk of travelling
- C. connects people
- D. enhances delivery of goods and servicess
Printed messages sent by cable are recorded as
- A. telegram
- B. SMS
- C. telex
- D. MMS
Printed messages sent by cable are recorded as
- A. telegram
- B. SMS
- C. telex
- D. MMS
A current account holder pays fees for services in form of
- A. bank charges
- B. interest rates
- C. commission on turnover
- D. minimum lending rate
A current account holder pays fees for services in form of
- A. bank charges
- B. interest rates
- C. commission on turnover
- D. minimum lending rate
The most effective type of advertising for branded products is
- A. mass advertising
- B. persuasive advertising
- C. informative advertising
- D. competitive advertising
The most effective type of advertising for branded products is
- A. mass advertising
- B. persuasive advertising
- C. informative advertising
- D. competitive advertising
A bill of exchange paid before its due date at an amount less than its face value is said to have been
- A. accepted
- B. rejected
- C. discounted
- D. dishonoured
Which of the following is a characteristic of a bearer cheque
- A. it is made with transverse lines
- B. it is made payable to whoever presents it
- C. it is made without transverse lines
- D. it is only payable into the payees account
If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as
- A. 3/9;net 30
- B. 9/27;net 30
- C. 30;net 9/3
- D. 9/30;net 3
If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as
- A. 3/9;net 30
- B. 9/27;net 30
- C. 30;net 9/3
- D. 9/30;net 3
A document which serves as an order with details of goods required by an intending purchaser is
- A. a freight note
- B. an indent
- C. a bill of landing
- D. a way bill
A document which serves as an order with details of goods required by an intending purchaser is
- A. a freight note
- B. an indent
- C. a bill of landing
- D. a way bill
The document a seller uses in dispatching goods to a customer by a carrier is
- A. a bill of landing
- B. an invoice
- C. an advice note
- D. a delivery note
The document a seller uses in dispatching goods to a customer by a carrier is
- A. a bill of landing
- B. an invoice
- C. an advice note
- D. a delivery note
The major problem encountered in international trade is that of
- A. distance
- B. differences in culture
- C. politics
- D. differences in currency
The basis for international trade is embedded in the principle of
- A. absolute advantage
- B. globalization
- C. deregulation
- D. comparative advantage
The main purpose of branding is to
- A. create identity for a product
- B. make a product look attractive
- C. create product awareness
- D. increase sales volume
The main purpose of branding is to
- A. create identity for a product
- B. make a product look attractive
- C. create product awareness
- D. increase sales volume