An agent whose authority, as conferred by the principal, has no limit is a
- A. del credere agent
- B. general agent
- C. special agent
- D. universal agent
The marketing concept emphasizes the need to
- A. identify and satisfy customers wants
- B. maximize foreign investment
- C. maximize profit for the company
- D. build a strong and solid brand
Which of the following types of advertising is aimed at taking away existing buyers from their slippers?
- A. Negative
- B. competitive
- C. informative
- D. mass
The element of a contract are offer,
- A. acceptance and performance
- B. consideration and performance
- C. legality and formality
- D. acceptance and consideration
Good customer service practice requires
- A. charging high prices so as to make profit
- B. hanging up customers` calls when busy
- C. patience towards ill-mannered customers
- D. promoting hard working employees
A diagram showing the positions of the structure of a company is
- A. span of control
- B. organizational chart
- C. vertical integration
- D. flowchart
Which of the following activities increases demands for goods and services
- A. advertising
- B. banking
- C. transportation
- D. warehousing
One of the factors which determines the choice of transport for goods is the
- A. cost of purchasing the mode of transport
- B. maintenance cost of the mode of transport
- C. number of users of the mode of transport
- D. nature of the goods to be transported
A communication equipment which is stationed in space for sending signals is
- A. data processor
- B. internet
- C. satellite
- D. telex machine
The keyboard of a computer is classified as
- A. an input device
- B. a memory device
- C. an output device
- D. a storage device
A cheque for which payment is refused due to insufficient funds is a
- A. bearer cheque
- B. crossed cheque
- C. dishonored cheque
- D. stale cheque
The charge paid by a speculator for non-settlement of his account within the specified period is
- A. backwardation
- B. brokerage
- C. commission
- D. contango
The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is
- A. contribution
- B. insurance interest
- C. proximate cause
- D. subrogation
A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is
- A. special deposit
- B. liquidity ratio
- C. interest rate
- D. bank rate
An international trade practice where goods are exchanged for other goods is
- A. entrepot trade
- B. bilateral trade
- C. barter trade
- D. counter trade
XYZ Bank of commerce PLC is the
- A. payee
- B. endorser
- C. drawer
- D. drawee
The diagram above shows a
- A. standing order
- B. receipt
- C. cheque
- D. bill of exchange
An instruction to a bank regular payment to a third party on behalf of a customer is
- A. standing order
- B. money order
- C. money transfer
- D. credit transfer
A risk whose probability of occurrence is impossible to estimate is
- A. uninsurable risk
- B. pure risk
- C. particular risk
- D. insurable risk
A firm which imports goods with the view of re-exporting them is engaged in
- A. bilateral trade
- B. entrepot trade
- C. multilateral trade
- D. counter trade