Which of the following is not a function of a retailer?
- A. Providing after sales services
- B. Stocking variety of goods
- C. Selling in small unites to the consumers
- D. Financing manufacturers
The publication of facts from a firm’s product is called
- A. merchandizing
- B. exhibition
- C. feature articles
- D. mass advertising
The publication of facts from a firm’s product is called
- A. merchandizing
- B. exhibition
- C. feature articles
- D. mass advertising
Which of the following is not contained in a deed of partnership?
- A. Names and addresses of partners
- B. Ratio for sharing profits and losses
- C. Investment of each partner
- D. Rate of taxation
Which of the following is not contained in a deed of partnership?
- A. Names and addresses of partners
- B. Ratio for sharing profits and losses
- C. Investment of each partner
- D. Rate of taxation
The practice of selling the product below the cost price to attract customers to a shop is known as
- A. hedging
- B. loss leader
- C. skimming
- D. under-invoicing
Which of the following is not a feature of co-operative society?
- A. Owners are the customers
- B. Capital can be repaid to a member
- C. Votes are according to shares held
- D. Dividend is based on patronage
Which of the following is not a feature of co-operative society?
- A. Owners are the customers
- B. Capital can be repaid to a member
- C. Votes are according to shares held
- D. Dividend is based on patronage
Government financial grants is a source of capital to a
- A. partnership
- B. public limited company
- C. public corporation
- D. co-operative society
The work of actuaries is to
- A. underwrite insurance risks
- B. calculate insurance premiums
- C. settle insurance claims
- D. assess profits for insurance companies
The work of actuaries is to
- A. underwrite insurance risks
- B. calculate insurance premiums
- C. settle insurance claims
- D. assess profits for insurance companies
A mortgage bank is primarily concerned with financing the acquisition of
- A. motor vehicle
- B. research equipment
- C. computer machine
- D. dwelling houses
A mortgage bank is primarily concerned with financing the acquisition of
- A. motor vehicle
- B. research equipment
- C. computer machine
- D. dwelling houses
The legal document that gives a individual power to protect his own piece of invention is called
- A. copyright
- B. license
- C. patent right
- D. trademark
The legal document that gives a individual power to protect his own piece of invention is called
- A. copyright
- B. license
- C. patent right
- D. trademark
Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?
- A. Debit transfer
- B. Credit transfer
- C. Certified cheque
- D. Crossed cheque
Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?
- A. Debit transfer
- B. Credit transfer
- C. Certified cheque
- D. Crossed cheque
Which of the following is not an advantage of partnership?
- A. Diversified managerial talents
- B. Greater financial resources
- C. Freedom to terminate business
- D. Account is not made public
Which of the following is not a source of fund for sole-proprietorship?
- A. Personal savings
- B. Borrowing from friends and relatives
- C. Borrowing from financial institution
- D. Government bonds
Which of the following is not a source of fund for sole-proprietorship?
- A. Personal savings
- B. Borrowing from friends and relatives
- C. Borrowing from financial institution
- D. Government bonds
Which of these qualities guarantees the keeping of money for a long period?
- A. Acceptability
- B. Divisibility
- C. Durability
- D. Homogenity