The insurance principle of indemnity does not apply to
- A. fire insurance
- B. life assurance
- C. burglary insurance
- D. marine insurance
The insurance principle of indemnity does not apply to
- A. fire insurance
- B. life assurance
- C. burglary insurance
- D. marine insurance
The ancillary to trade which ensures that people have access to information pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
The ancillary to trade which ensures that people have access to information pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
A term which describes the value of business connections made by a company over the years is known as
- A. patent
- B. copyright
- C. goodwill
- D. trade mark
A term which describes the value of business connections made by a company over the years is known as
- A. patent
- B. copyright
- C. goodwill
- D. trade mark
A person who undertakes responsibility for forming a new company is
- A. auditor
- B. solicitor
- C. registrar
- D. promoter
A person who undertakes responsibility for forming a new company is
- A. auditor
- B. solicitor
- C. registrar
- D. promoter
The process of winding up a public limited company by a court order is known as
- A. termination
- B. dissolution
- C. voluntary liquidation
- D. compulsory liquidation
A country is said to achieve a trade surplus when total
- A. visible exports exceed total visible imports
- B. invisible exports exceed total invinsible imports
- C. visible exports exceed total invisible imports
- D. visible imports exceed total visible exports
A country is said to achieve a trade surplus when total
- A. visible exports exceed total visible imports
- B. invisible exports exceed total invinsible imports
- C. visible exports exceed total invisible imports
- D. visible imports exceed total visible exports
A physical restriction placed on the quantity of goods that can be imported is
- A. a ban
- B. a quota
- C. an excise duty
- D. an import tax
A physical restriction placed on the quantity of goods that can be imported is
- A. a ban
- B. a quota
- C. an excise duty
- D. an import tax
Direct sales to consumers by manufacturers is a means of eliminating
- A. wholesalers only
- B. retailers only
- C. middlemen
- D. agents
Direct sales to consumers by manufacturers is a means of eliminating
- A. wholesalers only
- B. retailers only
- C. middlemen
- D. agents
The selling of goods in small units is normally performed by
- A. chambers of commerce
- B. wholesalers
- C. distributors
- D. retailers
A tariff refers to
- A. fees imposed on contraband goods
- B. fees paid on exports
- C. taxes imposed on imported goods
- D. taxes paid on home-made goods
Ad valorem duties are based on the
- A. importance of the goods imported
- B. value of the goods imported
- C. weight of the goods imported
- D. nature of the goods imported
Ad valorem duties are based on the
- A. importance of the goods imported
- B. value of the goods imported
- C. weight of the goods imported
- D. nature of the goods imported
Which of the following is not a function of warehousing
- A. Creating security of goods
- B. Stabilization of price
- C. Production ahead of demand
- D. Storage of goods
A person’s deliberate decision to reduce the value of her currency is called
- A. deregulation
- B. inflation
- C. devaluation
- D. revaluation