Brand name is used to
- A. differentiate one’s goods with others
- B. make business much easier
- C. make selling more convenient
- D. package products
- E. Standardize goods
The term “enterprise” denotes the ability to
- A. bear risk
- B. control other factors of production
- C. maximize profit
- D. organize other factors of production
- E. plan for other factors of production
The term “enterprise” denotes the ability to
- A. bear risk
- B. control other factors of production
- C. maximize profit
- D. organize other factors of production
- E. plan for other factors of production
Under utmost good faith as an insurance principle, a person must
- A. believe in the sincerity of the insurance company
- B. communicate with the insurance company
- C. disclose all material facts to the insurance company
- D. have utmost personality
- E. pay outstanding premium
Under utmost good faith as an insurance principle, a person must
- A. believe in the sincerity of the insurance company
- B. communicate with the insurance company
- C. disclose all material facts to the insurance company
- D. have utmost personality
- E. pay outstanding premium
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
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
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
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
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
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
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
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
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
A share ducted “Cum div”, means that the dividend for the current year will be paid to the
- A. buyer of the shares
- B. broker of the shares
- C. jobber of the shares
- D. seller of the shares
- E. stock exchange authority
A share ducted “Cum div”, means that the dividend for the current year will be paid to the
- A. buyer of the shares
- B. broker of the shares
- C. jobber of the shares
- D. seller of the shares
- E. stock exchange authority
Organizational chart is a diagram showing the
- A. flow of authority and responsibilities in a organization
- B. offices of both subordinates and officials
- C. organization of staff in an organization
- D. positions of workers in an organization
- E. span of management control
The act of bringing a privately owned business under exclusive state ownership and control is referred to as
- A. commercialization
- B. indigenization
- C. nationalization
- D. privatization
- E. rationalization
The act of bringing a privately owned business under exclusive state ownership and control is referred to as
- A. commercialization
- B. indigenization
- C. nationalization
- D. privatization
- E. rationalization
Who takes the initial step to form a company prior to its incorporation?
- A. Company secretary
- B. Managing director
- C. Promoter
- D. Registrar of company
- E. shareholder
A document which can be used for both internal and external trade is
- A. bill of exchange
- B. GIRO
- C. I.O.U
- D. portal orders
- E. promising note.