To endorse a cheque means to
- A. write and sign one's name at the back of the cheque
- B. write "pay cash" on the cheque
- C. cross the cheque
- D. stop the payment of the cheque
A market which deals in the purchase and sale of second hand securities is the
- A. Stock Exchange
- B. Building Society
- C. Shippers Council
- D. Co-operative
A market which deals in the purchase and sale of second hand securities is the
- A. Stock Exchange
- B. Building Society
- C. Shippers Council
- D. Co-operative
The object clause of a limited liability company is stated in the
- A. Memorandum of Association
- B. Article of Association
- C. Certificate of Incorporation
- D. Trading certificate
The Board of Directors of Public corporation is appointed by the
- A. government
- B. shareholders
- C. management
- D. employees
The last link in the production process is the
- A. transporter
- B. wholesaler
- C. consumer
- D. retailer
The last link in the production process is the
- A. transporter
- B. wholesaler
- C. consumer
- D. retailer
Who among the following does not render direct service?
- A. Teacher
- B. Musician
- C. Doctor
- D. Retailer
Who among the following does not render direct service?
- A. Teacher
- B. Musician
- C. Doctor
- D. Retailer
Which of the following is not the function of commerce
- A. the conversion of raw materials into semi-finished products
- B. the conversion of semi-finished products into end products
- C. Provision of services to customers
- D. The exchange and distribution of goods and services
Which of the following is not the function of commerce
- A. the conversion of raw materials into semi-finished products
- B. the conversion of semi-finished products into end products
- C. Provision of services to customers
- D. The exchange and distribution of goods and services
If a share is quoted ex-div, it means the new buyer would
- A. get the next dividend
- B. not get the next dividend
- C. get a fixed dividend
- D. not get any dividend
Voyage policy insurance is associated with
- A. fire
- B. life
- C. marine
- D. burglary
Voyage policy insurance is associated with
- A. fire
- B. life
- C. marine
- D. burglary
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
- A. indemnity
- B. insurable interest
- C. proximate cause
- D. subrogation
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
- A. indemnity
- B. insurable interest
- C. proximate cause
- D. subrogation
A person who earns extra commission for guaranteeing debts is a
- A. factor
- B. broker
- C. commission agent
- D. del-credere agent
A person who earns extra commission for guaranteeing debts is a
- A. factor
- B. broker
- C. commission agent
- D. del-credere agent
Which of the following will be suitable for hire purchase sale?
- A. Shares
- B. Refrigerator
- C. Shoes
- D. Textile
Carriage forward on an invoice means
- A. carriage will be paid next time
- B. carriage will be paid by seller
- C. carriage will be paid by buyer
- D. carriage has been paid
A document used as a polite way of refusing credit is
- A. advice note
- B. quotation
- C. proforma invoice
- D. invoice