An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as …. industry.
- A. commercial
- B. construction
- C. extractive
- D. manufacturing
- E. mining
The value of money is measured by the
- A. amount of goods and services a unit of it can purchase
- B. amount of its unit people can hold
- C. . ease at which people can spend a unit of it
- D. quantity of it in circulation
- E. rate of national development
The right to retain possession of property of another until certain legitimate demands are satisfied is known as
- A. agency
- B. copyright
- C. guarantee
- D. lien
- E. patent
Who among the following assess goods on arrival at a port?
- A. Agent
- B. Customs
- C. Importer
- D. Shipping company
- E. Ship owner
The prospectus of a company must include
- A. names and addresses of management staff
- B. the certificate of incorporation
- C. the directors remuneration
- D. the value of annual dividend
- E. types of shares available and their cost
Business transactions are usually based upon agreements known as
- A. confidence
- B. contract
- C. good-will
- D. proposal
- E. understanding
A business person who contracts to sell shares in the expectation of a fall in price is a
- A. bear
- B. broker
- C. bull
- D. jobber
- E. speculator
Which of the following is a non-insurable risk
- A. Cash-in-transits
- B. Consequential loss
- C. Fire
- D. Home accidents
- E. Speculative venture
Which of the following is a non-insurable risk
- A. Cash-in-transits
- B. Consequential loss
- C. Fire
- D. Home accidents
- E. Speculative venture
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
- A. Credit note
- B. Debit note
- C. Delivery note
- D. Invoice
- E. Quotation
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
- A. Credit note
- B. Debit note
- C. Delivery note
- D. Invoice
- E. Quotation
Goods are given utility by
- A. changing their forms and location
- B. consuming them
- C. costing their value
- D. numbering and counting them
- E. packing and measuring them
Goods are given utility by
- A. changing their forms and location
- B. consuming them
- C. costing their value
- D. numbering and counting them
- E. packing and measuring them
Which of the following best describes span of control
- A. Directors in an organisation
- B. Financial controllers within an organisation
- C. Shareholders in a company
- D. Subordinates that an executive supervises
- E. Subordinates who can work on their own
Which of the following best describes span of control
- A. Directors in an organisation
- B. Financial controllers within an organisation
- C. Shareholders in a company
- D. Subordinates that an executive supervises
- E. Subordinates who can work on their own
Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?
- A. Contribution
- B. indemnity
- C. Proxirnate cause
- D. Subrogation
- E. Utmost good faith
When manufacturers sell directly to consumers they have eliminated
- A. advertising agents
- B. brokers
- C. middleman
- D. retailers only
- E. wholesalers
When manufacturers sell directly to consumers they have eliminated
- A. advertising agents
- B. brokers
- C. middleman
- D. retailers only
- E. wholesalers
Short-term loan to expand a business is provided by
- A. building societies
- B. central bank
- C. commercial banks
- D. cooperative societies
- E. mortgage banks
Short-term loan to expand a business is provided by
- A. building societies
- B. central bank
- C. commercial banks
- D. cooperative societies
- E. mortgage banks
Equity of a company is another name for……. shares.
- A. cumulative preference
- B. founders
- C. ordinary
- D. preference
- E. redeemable preference