Which of the following is legally used by the insured while the policy is being processed?
- A. Cover note
- B. Proposal form
- C. Indemnity form
- D. Premium
- E. Claim Form
In the capital structure of a Public Limited Company, the term equity refers to
- A. preference shares
- B. ordinary shares
- C. debentures
- D. stocks
- E. bonds
XYZ Ltd’s total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd’s Net Profit is
- A. #58,000.00
- B. #38,000.00
- C. #24,000.00
- D. #22,000.00
- E. #20,000.00
XYZ Ltd’s total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd’s profit is
- A. #58,000.00
- B. #42,000.00
- C. #38,000.00
- D. #22,000.00
- E. #20,000.00
The time allowed for unloading and loading ships is referred to as
- A. days of grace
- B. charter by demise
- C. voyage charter
- D. time charter
- E. lay days
The time allowed for unloading and loading ships is referred to as
- A. days of grace
- B. charter by demise
- C. voyage charter
- D. time charter
- E. lay days
Price lists, catalogues and COD are mainly used in operating
- A. chain stores
- B. supermarkets
- C. department stores
- D. mail order business
- E. hypermarkets
Price lists, catalogues and COD are mainly used in operating
- A. chain stores
- B. supermarkets
- C. department stores
- D. mail order business
- E. hypermarkets
Which of the following is not a method of selling
- A. Self-services
- B. Exhibition
- C. Mail Order
- D. Stock control
- E. Automatic vending
Which of the following is not a method of selling
- A. Self-services
- B. Exhibition
- C. Mail Order
- D. Stock control
- E. Automatic vending
The Third Party Motor Vehicle Insurance Policy covers damages
- A. to both passengers and vehicle
- B. caused by the vehicle insured
- C. to all parties concerned
- D. to all vehicles involved
- E. to the insured vehicle only
A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a
- A. bull
- B. stag
- C. bear
- D. jobber
- E. broker
Which of the following is a disadvantage of road transport?
- A. Takes an available route
- B. Fast overshort distances
- C. Increased handling of goods
- D. Offers door-to-door services
- E. Relatively cheap
Which of the following is a disadvantage of road transport?
- A. Takes an available route
- B. Fast overshort distances
- C. Increased handling of goods
- D. Offers door-to-door services
- E. Relatively cheap
Which of the following has no legal capacity to a contract
- A. Public Limited Company
- B. Public Corporation
- C. Co-operative Society
- D. A Minor
- E. A Limited Partnership
Which of the following has no legal capacity to a contract
- A. Public Limited Company
- B. Public Corporation
- C. Co-operative Society
- D. A Minor
- E. A Limited Partnership
The production process is completed when what is produced
- A. is in the manufacturer's warehouse
- B. has reached the manufacturer's agent
- C. is in the wholesaler's warehouse
- D. has reached the retailers
- E. has reached the final users
The production process is completed when what is produced
- A. is in the manufacturer's warehouse
- B. has reached the manufacturer's agent
- C. is in the wholesaler's warehouse
- D. has reached the retailers
- E. has reached the final users
The total asset of business minus its total liability is the
- A. net profit
- B. capital owned
- C. working capital
- D. capital employed
- E. gross profit
The returns from capital investment are known as
- A. turnover
- B. commission
- C. annuity
- D. profit
- E. bonus
Gross profit is correctly ascertained by
- A. adding opening stock to purchases
- B. adding closing stock to sales
- C. subtracting returns outwards from purchases
- D. subtracting returns inwards from sales
- E. subtracting cost of goods sold from sales