A mercantile agent having title to goods in his possession is known as
- A. factor
- B. broker
- C. jobber
- D. auctioneer
- E. stag
When an acceptance to an offer is conditional, the offer becomes
- A. accepted
- B. a counter offer
- C. valid
- D. void
- E. frustrated
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
Ola is the
- A. offeror
- B. offeree
- C. acceptor
- D. guarantor
- E. surety
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is
- A. an offer
- B. an acceptance
- C. a consideration
- D. a warranty
- E. a security
When a firm sets a low price for new product, this is said to be
- A. market swimming
- B. competitive pricing
- C. penetration pricing
- D. loss leader pricing
- E. target pricing
Which of the following s a form of public relations?
- A. Feature articles
- B. Window display
- C. Catalogue
- D. Transportation and delivery services
- E. Personal selling
Which of the following s a form of public relations?
- A. Feature articles
- B. Window display
- C. Catalogue
- D. Transportation and delivery services
- E. Personal selling
Which of the following is a demerit of advertising?
- A. Increases per-unit cost of goods
- B. Leads to increased profit for producers
- C. Provides information for customers
- D. Reduces per-unit cost of goods
- E. Increases competiton among producers
Business activities responsible for identifying, anticipating and satisfying customer’s requirements profitably are called
- A. advertising
- B. public relations
- C. marketing
- D. sales promotion
- E. sales management
Contraband goods seized by the Customs and Excise Authority are kept in the
- A. ordinary warehouse
- B. bonded warehouse
- C. public auctioneer's store
- D. state warehouse
- E. private warehouse
Which of the following defines communication in commerce?
- A. Movement of files
- B. Transmission of information
- C. Movement of people
- D. Storing of information
- E. Distribution of newspaper
Which of the following defines communication in commerce?
- A. Movement of files
- B. Transmission of information
- C. Movement of people
- D. Storing of information
- E. Distribution of newspaper
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
- A. Franking machine
- B. Business reply service
- C. Mail transfer
- D. Post restante
- E. Private mail bag
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
- A. Franking machine
- B. Business reply service
- C. Mail transfer
- D. Post restante
- E. Private mail bag
Speed is an important consideration for choice of a means of transport where goods are
- A. bulky
- B. inferior
- C. fragile
- D. perishable
- E. durable
Gases are best transported
- A. through canals
- B. by sea
- C. by air
- D. through pipelines
- E. by rail
Which of the following would best be conveyed by rail transport
- A. Bread
- B. Shoes
- C. Potatoes
- D. Tomatoes
- E. Oranges
Small ships which are used to carry goods and passengers across rivers or canals called
- A. tramps
- B. coasters
- C. tankers
- D. liners
- E. ferries
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed
- A. Circulation capital
- B. working capital
- C. fictitious capital
- D. fixed capital
- E. capital owned
Cash-in-hand and at bank as well as debtors are examples of
- A. current assets
- B. fixed assets
- C. capital owned
- D. capital employed
- E. working capital
New shares are offered for sale to the public through
- A. acceptable houses
- B. the stock exchange
- C. issuing houses
- D. discount houses
- E. mortgage banks