The work of actuaries is to
- A. underwrite insurance risks
- B. calculate insurance premiums
- C. settle insurance claims
- D. assess profits for insurance companies
The work of actuaries is to
- A. underwrite insurance risks
- B. calculate insurance premiums
- C. settle insurance claims
- D. assess profits for insurance companies
A mortgage bank is primarily concerned with financing the acquisition of
- A. motor vehicle
- B. research equipment
- C. computer machine
- D. dwelling houses
A mortgage bank is primarily concerned with financing the acquisition of
- A. motor vehicle
- B. research equipment
- C. computer machine
- D. dwelling houses
The legal document that gives a individual power to protect his own piece of invention is called
- A. copyright
- B. license
- C. patent right
- D. trademark
The legal document that gives a individual power to protect his own piece of invention is called
- A. copyright
- B. license
- C. patent right
- D. trademark
Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?
- A. Debit transfer
- B. Credit transfer
- C. Certified cheque
- D. Crossed cheque
Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?
- A. Debit transfer
- B. Credit transfer
- C. Certified cheque
- D. Crossed cheque
Which of the following is not an advantage of partnership?
- A. Diversified managerial talents
- B. Greater financial resources
- C. Freedom to terminate business
- D. Account is not made public
Which of the following is not a source of fund for sole-proprietorship?
- A. Personal savings
- B. Borrowing from friends and relatives
- C. Borrowing from financial institution
- D. Government bonds
Which of the following is not a source of fund for sole-proprietorship?
- A. Personal savings
- B. Borrowing from friends and relatives
- C. Borrowing from financial institution
- D. Government bonds
Which of these qualities guarantees the keeping of money for a long period?
- A. Acceptability
- B. Divisibility
- C. Durability
- D. Homogenity
Which of these qualities guarantees the keeping of money for a long period?
- A. Acceptability
- B. Divisibility
- C. Durability
- D. Homogenity
Sole proprietorship is a form of business owned by
- A. an individual
- B. two or more persons
- C. a registered business subsidiary
- D. the government
Sole proprietorship is a form of business owned by
- A. an individual
- B. two or more persons
- C. a registered business subsidiary
- D. the government
Unlimited liability in business implies that the
- A. risk of the owner is limited only to the amount invested
- B. debts are paid with subventions
- C. property of the owners should not be used to secure loans
- D. owners private property can be used to settle the business debts
Unlimited liability in business implies that the
- A. risk of the owner is limited only to the amount invested
- B. debts are paid with subventions
- C. property of the owners should not be used to secure loans
- D. owners private property can be used to settle the business debts
Which of the following is not a disadvantage of a one-man business?
- A. Unlimited liability owner
- B. Life of business limited to life of owner
- C. Personal control of business
- D. Difficulty in raising additional capital
Which of the following is not a disadvantage of a one-man business?
- A. Unlimited liability owner
- B. Life of business limited to life of owner
- C. Personal control of business
- D. Difficulty in raising additional capital
The provision of adequate number of berths by which ships can load and off-load is the function of the
- A. Department of Customs and Excise
- B. Ports Authority
- C. Shipping and Forwarding Agent
- D. National Shipping Line
The provision of adequate number of berths by which ships can load and off-load is the function of the
- A. Department of Customs and Excise
- B. Ports Authority
- C. Shipping and Forwarding Agent
- D. National Shipping Line