Goods sold under a distinctive trademark are
- A. branded goods
- B. unsought goods
- C. perishable goods
- D. public goods
Cash in hand and at bank, plus debtors are components of
- A. intangible assets
- B. current assets
- C. current liabilities
- D. depleting assets
Retail outlets which sell from vehicles are
- A. supermarkets
- B. mobile shops
- C. departmental stores
- D. chain stores
- E. chain stores
one of the aims of a trade association is to
- A. liaise with other trade associations in other countries
- B. organize trade fairs and exhibitions
- C. provide quality goods and services
- D. promote commercial activities in their business
The share capital of a company stated in the memorandum of association and approved by the registrar of companies is
- A. working capital
- B. paid-up capital
- C. nominal capital
- D. called-up capital
A group of companies formed to carry out an activity that is beyond the ability of any individual company is
- A. a subsidiary
- B. a merger
- C. a consortium
- D. an acquisition
A stock exchange broker is engaged in
- A. construction occupation
- B. commercial occupation
- C. extractive occupation
- D. manufacturing occupation
A means of payment through the post office is
- A. standing order
- B. money order
- C. debit order
- D. credit card
The factor of production that is fixed in nature is
- A. land
- B. labour
- C. entrepreneurship
- D. capital
Where there is no deed of partnership, members share profit on
- A. the basis of participation
- B. the basis of shares held
- C. patronage basis
- D. equal basis
The type of business where management is separated from ownership is a
- A. sole proprietorship
- B. public company
- C. partnership
- D. cooperative society
The problem of double coincidence of wants is that
- A. it is hard to determine the exchange rate of goods
- B. it does not encourage purchase of large quantities and varieties
- C. deferred payment is not possible because goods exchange are not durable
- D. one has to find someone who wants his surplus and also has what he needs
Computer manufacturers in an area could a form of a
- A. producer association
- B. thrift society
- C. chamber of commerce
- D. consumer association
A partner whose only contribution to the partnership is his name and goodwill is
- A. an active partner
- B. a limited partner
- C. a nominal partner
- D. a sleeping partner
E-commerce is an activity which involves
- A. trading in products through the post office
- B. trading in products through the internet
- C. buying and selling of products through telegram messages
- D. buying and selling of products through fax messages
A firm which turns timber into wooden office desks belongs to the
- A. extractive industry
- B. direct service industry
- C. indirect service industry
- D. construction industry