64
The concept that the satisfaction of the consumer’s wants is to be emphasized at all stages of production and distribution is known as consumer………..
- A. autonomy
- B. . independence
- C. preferential
- D. production
- E. sovereignty
65
Which of the following is NOT an importance of warehousing?
- A. Ensures that unexpected fluctuation in consumer’s needs are met through reserves
- B. Gives a feeling of security to the traders
- C. Protects goods against pilfering
- D. Provides for economy of scale by maintaining steady rate of production
- E. Provides protection and security for goods or products from going bad
66
A credit note is used to
- A. inform the buyer that he can buy more goods on credit
- B. inform the buyer that his account has been credited
- C. inform the customer about his state of solvency
- D. tell the customer that his account is in red
- E. warn the customer that his debt is over due
67
Which of the following is NOT a function of the central bank?
- A. Banker's bank
- B. Government's bank
- C. Lender of last resort
- D. Printing of currency
- E. Servicing of National debt
68
A bill of lading is best described as the
- A. certificate of quality of goods
- B. certificate of value for the goods on board
- C. document of title to the goods on board a ship
- D. document showing where the goods are going to
- E. evidence of payment of custom duties
69
A bill of lading is best described as the
- A. certificate of quality of goods
- B. certificate of value for the goods on board
- C. document of title to the goods on board a ship
- D. document showing where the goods are going to
- E. evidence of payment of custom duties
70
The excess value of all the assets of a business over the value of its liabilities is called
- A. capital employed
- B. capital owned
- C. circulating capital
- D. loan capital
- E. share capital
71
The excess value of all the assets of a business over the value of its liabilities is called
- A. capital employed
- B. capital owned
- C. circulating capital
- D. loan capital
- E. share capital