Life assurance premium is determined by the assured’s
- A. educational level
- B. age
- C. reputation
- D. number of children
Life assurance premium is determined by the assured’s
- A. educational level
- B. age
- C. reputation
- D. number of children
One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to
- A. settle interbank indebtedness
- B. lend to poor countries
- C. oversee the activities of banks abroad
- D. encourage trade liberalization
Who among the following has no voting right?
- A. Preffered ordinary share holders
- B. Ordinary shareholders
- C. Deffered shareholders
- D. Debenture holders
Which of the following justifies the existence of public enterprises
- A. Making quick decision
- B. Creating monopoly
- C. Making profit for government
- D. Providing essential services
The owners of a public limited company are?
- A. board of directors
- B. management team
- C. shareholders
- D. government
Which of the following is not an example of Marine insurance?
- A. Fidelity
- B. Hull
- C. Cargo
- D. Freight
A sale agreement whereby the buyer takes possession but not title to the goods is
- A. credit purchase
- B. hire purchase
- C. auction sales
- D. direct sales
Those who are engaged in exploiting natural resources are in
- A. commercial occupation
- B. constructive occupation
- C. manufacturing occupation
- D. extractive occupation
The nominal value of kC Ltd’s share is 50k and the market value is 70k. This means that the company’s shares are selling
- A. at par
- B. ex dividend
- C. cum dividend
- D. at premium
The nominal value of kC Ltd’s share is 50k and the market value is 70k. This means that the company’s shares are selling
- A. at par
- B. ex dividend
- C. cum dividend
- D. at premium
Which of the following is not a means of transportation by water
- A. Canoes
- B. Launches
- C. Tramps
- D. Carts
Which of the following is not a means of transportation by water
- A. Canoes
- B. Launches
- C. Tramps
- D. Carts
Exchange is facilitated by
- A. taxation
- B. quotas
- C. specialization
- D. good supervision
A private limited company differs from a public limited company because it
- A. offers rights issues to existing shareholders
- B. has a separate entity from the owners
- C. cannot easily transfer shares
- D. declares dividend
Which of the following features is common to all retailers
- A. Operating as sole-proprietors
- B. Selling to the final consumers
- C. Operating with small capital
- D. Selling on hire purchase to consumers
The internal regulations of a limited company are stated in the
- A. Memorandum of Association
- B. Certificate of Incorporation
- C. Articles of Association
- D. Share certificate
The internal regulations of a limited company are stated in the
- A. Memorandum of Association
- B. Certificate of Incorporation
- C. Articles of Association
- D. Share certificate
The document which helps to determine the country from where goods were imported is
- A. bill of lading
- B. ship's manifest
- C. certificate of origin
- D. certificate of trading
The document which helps to determine the country from where goods were imported is
- A. bill of lading
- B. ship's manifest
- C. certificate of origin
- D. certificate of trading
Which of the following is a reduction in the catalogue price?
- A. Rebate
- B. Cash discount
- C. Commission
- D. Trade discount