Which of the following will not be considered in choosing a channel of distribution?
- A. Nature of product
- B. Preferences of consumers
- C. Volume of sales
- D. Quality of product
Who among the following cannot be regarded as an itinerant trader?
- A. Gypsy
- B. Barrow toy
- C. Pediar
- D. Stall owner
Who among the following cannot be regarded as an itinerant trader?
- A. Gypsy
- B. Barrow toy
- C. Pediar
- D. Stall owner
Who among the following cannot be regarded as an itinerant trader?
- A. Gypsy
- B. Barrow toy
- C. Pediar
- D. Stall owner
A bank’s undertaking to pay an exporter on behalf of an importer is a?
- A. documentary credit
- B. letter of credit
- C. letter of hypothecation
- D. bill of exchange
An organization formed mainly by traders on the same line of business is known as?
- A. trade union
- B. cooperative society
- C. trade association
- D. chamber of commerce
The net profit of a business is determined by?
- A. deducting cost of goods sold from sales
- B. deducting purchases from sales
- C. adding commission received to gross profit
- D. deducting all expenses from gross profit and other income
Which of the following is an intangible assets of a firm?
- A. Goodwill
- B. Reserve
- C. Skilled personnel
- D. Rights issue
The nominal value of a share is the same as its?
- A. market value
- B. below par value
- C. above par value
- D. face value
The nominal value of a share is the same as its?
- A. market value
- B. below par value
- C. above par value
- D. face value
The nominal value of a share is the same as its?
- A. market value
- B. below par value
- C. above par value
- D. face value
The nominal value of a share is the same as its?
- A. market value
- B. below par value
- C. above par value
- D. face value
Partnership form of business is most appropriate?
- A. where professionals are needed
- B. for non-profit making ventures
- C. where very large capital is required
- D. where the liability of members is limited
Which of the following would not affect the form of a business unit?
- A. Availability of raw materials
- B. The type of business
- C. Number of persons involved
- D. The capital size
The fee which the bank charges for services rendered to their current account customers is?
- A. commission on turnover
- B. bank rate
- C. minimum lending rate
- D. interest
The fee which the bank charges for services rendered to their current account customers is?
- A. commission on turnover
- B. bank rate
- C. minimum lending rate
- D. interest
The fee which the bank charges for services rendered to their current account customers is?
- A. commission on turnover
- B. bank rate
- C. minimum lending rate
- D. interest
The distribution of profits based upon the level of patronage in the business is a common feature of?
- A. partnership firms
- B. public limited companies
- C. co-operative societies
- D. private limited companies
An advantage of a public limited company over a private one is the?
- A. limited liability of shareholders
- B. easy transferability of shares
- C. access to retained earnings
- D. less taxation by government
An advantage of a public limited company over a private one is the?
- A. limited liability of shareholders
- B. easy transferability of shares
- C. access to retained earnings
- D. less taxation by government
Production is defined as?
- A. an industrial undertaking
- B. creation of utility
- C. earning ones daily bread
- D. the changing of raw materials