Which of the followingis a modern trend in retailing ?
- A. Kiosk
- B. Mobile shop
- C. Vending machine
- D. Tied shop
A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only
- A. after the offeror has made an offer
- B. when the offeror's letter has reached the offeree
- C. when the offeree's letter has been posted
- D. after the offeree's letter has been recieved by the offeror
When expenses on trading are deducted, the result is the
- A. rate of turn over
- B. net profit
- C. gross profit
- D. cost of goods sold
In the transportation industry, dead freight is used to describe the
- A. cost paid for an empty space left in the ship
- B. charge for each day a performance was delayed
- C. persons that hire a ship for a specific purpose
- D. cost of shipping a particular cargo for a specific voyage
The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is
- A. target return pricing
- B. market skimming
- C. variable pricing
- D. market penetration
A formal letter to a dealer to enquire details about certain items for sale is referred to as
- A. an inquiry
- B. an invoice
- C. an order
- D. a quotation
Funds used for paying wages, salaries and payments for raw materials are categorized under
- A. liquid capital
- B. circulating capital
- C. fixed capital
- D. nominal capital
A document that serves as an instument for perferential tariff is referred to as
- A. an indent
- B. a certificate of origin
- C. a consular invoice
- D. an advice note
The buying and selling of goods and services is referred to as
- A. trading
- B. marketing
- C. insurance
- D. advertising
One of the duties of the employer to his employee is to
- A. delegate his duties to others staff
- B. charge the employee on the use of equipment
- C. serve faithfully and honestly
- D. provide job security
The act of interpreting ideas within an organization is
- A. motivating
- B. organizing
- C. planning
- D. communicating
The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as
- A. current account
- B. monetary movement account
- C. capital account
- D. social-welfare account
Avast is an example of
- A. a web browser
- B. a search engine
- C. an antivirus
- D. a spread sheet
Commission on turnover is usually a benefit accruable to the
- A. drawer
- B. drawee
- C. payer
- D. payee
Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)
The formular above can be used to determine the
- A. terms of payment
- B. balance of payments
- C. tearms of trade
- D. import tariffs
The type of wholesaler that combines selling, delivery and collection in one operation is
- A. specialist wholesaler
- B. rack jobber
- C. drop shipment
- D. truck wholesaler
A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the
- A. medium
- B. theme
- C. targer
- D. reach
The transformation of cotton into clothings is an example of
- A. secondary production
- B. tertiary production
- C. primary production
- D. direct production
Which of the following types of occupation involues services that can be referred to as auxiliaries trade?
- A. Constructive occupation
- B. Manufacturing occupation
- C. Industrial occupation
- D. Commercial occupation
The lumbering of trees by a furniture company is an example of
- A. primary production
- B. secondary production
- C. tertiary production
- D. direct production
An advantage of the Second-Tier Securities Market to an economy is in
- A. creating avenues for investment
- B. regulating competition amongst companies
- C. granting financial assistance to consumers
- D. increasing companies profit margins