Which of the following is not an advantage of advertising? It
- A. gives information about products
- B. increases sales
- C. increases production
- D. improves the quality of products
- E. introduces new products
The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?
- A. caveat venditor
- B. consumer orientation
- C. consumer association
- D. consumer protection
- E. caveat emptor
The taking over by state of ownership and control of certain business enterprises is known as?
- A. indigenization
- B. nationalization
- C. privatization
- D. commercialization
- E. rationalization
The accomplishment of a good company’s objective by guiding and motivating subordinates is known as?
- A. Planning
- B. Organizing
- C. Managing
- D. Controling
- E. Directing
A holding company assumes control of its subsidiaries through?
- A. taking over routine administration
- B. becoming the principle customer
- C. majority shareholding
- D. paying all the debts outright
- E. taking over only the assets
Which of the following concepts is concerned with determining the business objectives and how they can be achieved?
- A. Planning
- B. Organization
- C. Co-ordinating
- D. Motivating
- E. Delegating
The main object of a cartel agreement is to control?
- A. output to maintain price
- B. directors to achieve higher profits
- C. workers to increase output
- D. requirement to cut cost
- E. shareholders to maintain shares
The purchase of one company by another is called?
- A. incorporation
- B. merger
- C. cartel
- D. nationalization
- E. privatization
which of the following documents transfers title to goods?
- A. bill of exchange
- B. treasure bill
- C. bill of lading
- D. bill of sight
- E. bill of sale
customs duties are?
- A. excise duties
- B. dock dues
- C. customary dues
- D. customs officers'' duties
- E. import tariffs
which of the following is not a reason for imposing a tariff? to
- A. correct an adverse balance of payments
- B. raise revenue for the government
- C. encourage imports
- D. protect infant industries
- E. encourage the consumption of home-produced goods
a document that regulates the internal operations of a company is known as?
- A. memorandum of association
- B. articles of association
- C. prospectus
- D. certificate of incorporation
- E. certificate of trading
the main purpose of establishing a public corporation is to?
- A. make profit
- B. provide employment
- C. provide essential services
- D. compete with entrepreneurs
- E. establish a monopoly
which of the following is not a fixed asset of a business?
- A. sundry debtors
- B. patent
- C. machinery and plant
- D. goodwill
- E. loose tools
money spent for the day-to-day running of a business is called?
- A. fixed capital
- B. working capital
- C. equity capital
- D. capital employed
- E. authorized capital
The term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.
- A. I & II only
- B. III & V only
- C. II, III & IV only
- D. I, III & IV only
- E. II, IV & V only
management can be defined as?
- A. getting things done through people
- B. implementation of business decisions
- C. the number of levels in an organisation
- D. the general manager and the employees
- E. decision making
a partnership agreement specifying the relationship amongst partners is called?
- A. article of association
- B. memorandum of association
- C. partnership act
- D. partnership deed
- E. certificate of incorporation
a study to discover consumers preferences and needs is called?
- A. marketing
- B. consumer orientation
- C. market research
- D. marketing mix
- E. market demand
which of the following is an aspect of the marketing concept?
- A. product orientation
- B. sales orientation
- C. consumer orientation
- D. mass production
- E. mass distribution
the authorised capital of a company is also referred to as it’s?
- A. called-up capital
- B. issued capital
- C. subscribed capital
- D. nominal capital
- E. unissued capital