Which of the following is a function of a warehouse?
- A. Stabilizing prices
- B. Increasing competition
- C. Stimulating demand
- D. Controlling quality
Which of the following is a function of a warehouse?
- A. Stabilizing prices
- B. Increasing competition
- C. Stimulating demand
- D. Controlling quality
Which of the following is not feature of a department store?
- A. Located at the centre of the city
- B. Bulk buying
- C. Attractive layout
- D. Seling one line of goods
Which of the following is not feature of a department store?
- A. Located at the centre of the city
- B. Bulk buying
- C. Attractive layout
- D. Seling one line of goods
Which of the following is not a marketing function?
- A. Advertising
- B. Insurance
- C. Packaging
- D. Transportation
A specially designed container to convey crude oil or liquid from another location to another is a?
- A. launche
- B. tanker
- C. ferry
- D. coaster
The portion authorized capital made available to the public for subscription is?
- A. called-up capital
- B. paid-up capital
- C. call in arrears
- D. issued capital
Which of the following is not a function of the ports Authority?
- A. Ensuring safe movement of ships
- B. Collecting import and export duties
- C. Providing warehouse services
- D. Ensuring law and order in the harbours
When a bill is paid before its date at a lesser value, it is?
- A. accepted
- B. discounted
- C. dishonoured
- D. retired
When a bill is paid before its date at a lesser value, it is?
- A. accepted
- B. discounted
- C. dishonoured
- D. retired
Which of the following is not used to correct adverse balance of payment?
- A. Increasing imports
- B. Increasing exports
- C. Decreasing import
- D. Devaluation
The extra commission for pledging full settlement of the wholesaler to the manufacturer?
- A. Warehousing
- B. Quality Control
- C. Financing
- D. Bulk -breaking
An agent who takes possession of goods and sells in his own name is known as?
- A. a broker
- B. a del credere agent
- C. an auctioneer
- D. a factor
An agent who takes possession of goods and sells in his own name is known as?
- A. a broker
- B. a del credere agent
- C. an auctioneer
- D. a factor
An agent who takes possession of goods and sells in his own name is known as?
- A. a broker
- B. a del credere agent
- C. an auctioneer
- D. a factor
An agent who takes possession of goods and sells in his own name is known as?
- A. a broker
- B. a del credere agent
- C. an auctioneer
- D. a factor
A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?
- A. CIF
- B. FAS
- C. Franco
- D. Loco
A document from a seller which corrects an under-charge on a buyer’s account is known as?
- A. proforma invoice
- B. credit note
- C. debit note
- D. statement of account
Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice
- A. E & O.E
- B. C.I.F
- C. C.O.D
- D. C.W.O
All human efforts geared towards the production of goods and services is?
- A. entrepreneurship
- B. labour
- C. capital
- D. occupation
Which of the following is a creditor legally bound to accept for settlement of a debt?
- A. Bank draft
- B. Bank note
- C. Money order
- D. Cheque