The use of current account in business is convenient because
- A. withdrawal can be made at any time
- B. deposits earn higher interests
- C. loans are always available
- D. notices are necessary befor withdrawals
Which of the following protects consumers against poor quality foods
- A. Chambers of Commerce
- B. Standard Organization
- C. Trade Association
- D. Manufacturers Association
Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that
- A. would be paid to mr Biu if he should discontinue with the policy
- B. would be paid to mr Biu's beneficiary if he dies
- C. is paid annually by mr Biu to the insurance company
- D. the amount mr Biu has paid plus interest
Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that
- A. would be paid to mr Biu if he should discontinue with the policy
- B. would be paid to mr Biu's beneficiary if he dies
- C. is paid annually by mr Biu to the insurance company
- D. the amount mr Biu has paid plus interest
An insurance policy that covers the body of the ship only is called
- A. Haulage insurance
- B. Voyage insurance
- C. Hull insurance
- D. Cargo insurance
An insurance policy that covers the body of the ship only is called
- A. Haulage insurance
- B. Voyage insurance
- C. Hull insurance
- D. Cargo insurance
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
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