Which of the following is not a feature of supermarkets?
- A. Standard shop fronts
- B. Self service
- C. Use of trolleys
- D. Small number of sales assistants
- E. Stocking mainly food items
Agents who link buyers with sellers receive?
- A. factorage
- B. brokerage
- C. bonus
- D. interest
- E. premium
Which of the following does not determine the form ofa business unit?
- A. Available capital
- B. Risk bearing
- C. Nearness to market
- D. Ownership
- E. Nature of business
Which of the following does not determine the form ofa business unit?
- A. Available capital
- B. Risk bearing
- C. Nearness to market
- D. Ownership
- E. Nature of business
Which of the following is sent when credit is not allowed?
- A. Debit note
- B. Proforma invoice
- C. Credit note
- D. Statement
- E. Advice note
Which of the following is sent when credit is not allowed?
- A. Debit note
- B. Proforma invoice
- C. Credit note
- D. Statement
- E. Advice note
ln which of the following environments does a firm that uses out-dated equipment operate?
- A. Economic
- B. Technological
- C. Social
- D. Political
- E. Legal
. Which ofthe following is notan aim of advertising? To
- A. drive away smaller firms
- B. satisfy consumers
- C. help firms compete with others
- D. make one’s product known
- E. increase sales
Which of the following is not a marketing function?
- A. Packaging
- B. Branding
- C. Advertising
- D. Accounting
- E. Pricing
Which of the following is responsible for the welfare of staff in an organisation?
- A. Accounts Department
- B. Accounts Department
- C. Personnel Department
- D. Sales Department
- E. Public Relations
Which of the following is not a function of management?
- A. Staffing
- B. Planning
- C. Organizing
- D. Directing
- E. Distributing
Which of the following gives a temporary protection to the insured while the policy is being drawn up?
- A. Proposal form
- B. Cover note
- C. Endorsement
- D. Ex qratia payment
- E. Certificate
A stock exchange is a market for?
- A. old stocks of goods'
- B. capital goods only
- C. raising new shares
- D. existing shares of quoted companies
- E. shares of unquoted companies
Which of the following carries the bulk of goods involved in foreign trade?
- A. Cargo planes
- B. Cargo liners
- C. Tramp vessels
- D. Steam ship
- E. Tankers
Which of the following carries the bulk of goods involved in foreign trade?
- A. Cargo planes
- B. Cargo liners
- C. Tramp vessels
- D. Steam ship
- E. Tankers
Which of the following is an example of a commercial occupation?
- A. Wrestling
- B. Welding
- C. Shipping
- D. Brick laying
- E. Tailoring
Which of the following is an example of a commercial occupation?
- A. Wrestling
- B. Welding
- C. Shipping
- D. Brick laying
- E. Tailoring
An establishment that specializes in taking care of risks is called?
- A. a hire-purchase company
- B. an accepting house
- C. an insurance company
- D. a finance company
- E. a confirming house
An establishment that specializes in taking care of risks is called?
- A. a hire-purchase company
- B. an accepting house
- C. an insurance company
- D. a finance company
- E. a confirming house
An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?
- A. a chamber of commerce
- B. a customs union
- C. an amalgamation
- D. a cartel
- E. a combination
The most acceptance and convenient means of payment in foreign trade is?
- A. letter of credit
- B. bank-draft
- C. telegraphic money order
- D. promissory note
- E. bill of exchange