An efficient transport system enables a trader to
- A. widen the market for his products
- B. avoid customs examination of goods
- C. adopt better price policy
- D. reduce cost of production
A licensed person who is authorized to sell to the highest bidder is
- A. principal
- B. factor
- C. broker
- D. auctioneer
A licensed person who is authorized to sell to the highest bidder is
- A. principal
- B. factor
- C. broker
- D. auctioneer
The collection of tariffs on imported goods is the function of
- A. Ports Authority
- B. Customs and Excise Authority
- C. Clearing and Forwarding Agents
- D. Export Promotion Council
The collection of tariffs on imported goods is the function of
- A. Ports Authority
- B. Customs and Excise Authority
- C. Clearing and Forwarding Agents
- D. Export Promotion Council
The entitlement of a debenture holder from a company’s income is known as
- A. commission
- B. interest
- C. lien
- D. dividend
The entitlement of a debenture holder from a company’s income is known as
- A. commission
- B. interest
- C. lien
- D. dividend
Which of the following is not an insurance of indemnity
- A. Life
- B. Marine
- C. Burglary
- D. Fire
Collecting information on the taste of consumers and the extent of demand for a product is
- A. market research
- B. market segmentation
- C. marketing mix
- D. marketing concept
Which of the following is classified as invisible item in balance of payment?
- A. import of goods
- B. Salaries of expartriates
- C. Export of groundnuts
- D. Sale of equipment
Which of the following is classified as invisible item in balance of payment?
- A. import of goods
- B. Salaries of expartriates
- C. Export of groundnuts
- D. Sale of equipment
Buildings and machinery used in the running of a business are examples of
- A. current assets
- B. intangible assets
- C. liquid assets
- D. fixed assets
Buildings and machinery used in the running of a business are examples of
- A. current assets
- B. intangible assets
- C. liquid assets
- D. fixed assets
When an insurance policy is declared void because of a false declaration ; the principle involved is
- A. indemnity
- B. subrogation
- C. proximate cause
- D. utmost good faith
When an insurance policy is declared void because of a false declaration ; the principle involved is
- A. indemnity
- B. subrogation
- C. proximate cause
- D. utmost good faith
Those who are engaged in the distribution of goods belong to
- A. commercial occupation
- B. extractive industry
- C. manufacturing industry
- D. construction industry
Those who are engaged in the distribution of goods belong to
- A. commercial occupation
- B. extractive industry
- C. manufacturing industry
- D. construction industry
A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a
- A. trade association
- B. trade union
- C. chamber of commerce
- D. trading partnership
A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a
- A. trade association
- B. trade union
- C. chamber of commerce
- D. trading partnership
A cheque drawn by a bank on itself is a/an
- A. direct debit
- B. bank draft
- C. bank transfer
- D. overdraft
A cheque drawn by a bank on itself is a/an
- A. direct debit
- B. bank draft
- C. bank transfer
- D. overdraft