The charge paid for failing to off-load a vehicle within a stipulated time is called?
- A. freight
- B. demurrage
- C. fine
- D. fare
- E. floating charge
The charge paid for failing to off-load a vehicle within a stipulated time is called?
- A. freight
- B. demurrage
- C. fine
- D. fare
- E. floating charge
Which of the following is not one of the 4m’s of business resources?
- A. Method
- B. Men
- C. Money
- D. Material
- E. Machine
Which of the following is not one of the 4m’s of business resources?
- A. Method
- B. Men
- C. Money
- D. Material
- E. Machine
A bank may dishonour a cheque if?
- A. it is not crossed
- B. an alteration on the cheque is initiated
- C. the amount on the cheque is less than the amount in the account
- D. it has been endorsed to a third party
- E. the amount on the cheque is more than the amount in the account
Third party insurance covers, damages?
- A. to both passengers and the vehicle
- B. caused by the vehicle insured
- C. to all parties concerned
- D. to both vehicles involved
- E. to the insured vehicle only
An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?
- A. voluntary chain
- B. producer co-operative society
- C. multiple store
- D. departmental store
- E. hypermarket
An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?
- A. voluntary chain
- B. producer co-operative society
- C. multiple store
- D. departmental store
- E. hypermarket
The capital that is needed to meet the day-to-day running of a business is the?
- A. fixed capital
- B. reserved capital
- C. circulating capital
- D. liquid capital
- E. capital employed
The capital that is needed to meet the day-to-day running of a business is the?
- A. fixed capital
- B. reserved capital
- C. circulating capital
- D. liquid capital
- E. capital employed
A person who wants to undertake an insurance policy usually completes?
- A. a proposal form
- B. a promotion form
- C. an application form
- D. an agreement form
- E. a subscription form
A bank whose name is printed on a cheque leaf is known as the?
- A. drawer
- B. payer
- C. drawee
- D. payee
- E. acceptor
A crossed postal order is?
- A. generally acceptable for payment
- B. easily converted to cash
- C. the same as money order
- D. cashed through a bank
- E. cashed through a post office
Cash is said to be legal tender because it?
- A. can be converted into money order
- B. can be offered and accepted for payment
- C. is negotiable
- D. also takes the form of bank draft
- E. is portable
The excess value of the assets of a business over its liabilities is?
- A. capital owned
- B. working capital
- C. issued capital
- D. liquid capital
- E. reserved capital
The excess value of the assets of a business over its liabilities is?
- A. capital owned
- B. working capital
- C. issued capital
- D. liquid capital
- E. reserved capital
The different between an overdraft and loan is that an overdraft?
- A. does not yield interest
- B. is giving to savings account holders only
- C. yields interest on the customer before it is granted?
- D. yields interest only on the sum drawn
- E. requires no application by the customer before it is granted
The different between an overdraft and loan is that an overdraft?
- A. does not yield interest
- B. is giving to savings account holders only
- C. yields interest on the customer before it is granted?
- D. yields interest only on the sum drawn
- E. requires no application by the customer before it is granted
When an insured person admits that he has indemnified, he means that?
- A. the insurance company has accepted his claim
- B. the damaged properties has been recovered
- C. he has paid his premium fully
- D. the insurance company has restored him to his formal position
- E. he has recovered benefits lost through acting in bad faith
A person who sells goods belonging to another person in his own name and receives commission is a?
- A. wholesaler
- B. retailer
- C. sole trader
- D. factor
- E. merchant
The concept that consumers decided what goods and services shall be known as consumer?
- A. protection
- B. surplus
- C. sovernignty
- D. behaviour
- E. co-operative