The main function of a thrift and credit cooperative society is to
- A. encourage members to buy cheaply
- B. enable members get the highest profit
- C. help members get legal redress
- D. encourage members to save
The main function of a thrift and credit cooperative society is to
- A. encourage members to buy cheaply
- B. enable members get the highest profit
- C. help members get legal redress
- D. encourage members to save
Catalogs are mostly used by
- A. chain stores
- B. department stores
- C. mail order firms
- D. supermarkets
Catalogs are mostly used by
- A. chain stores
- B. department stores
- C. mail order firms
- D. supermarkets
Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?
- A. Proximate cause
- B. Indemnity
- C. Insurable interest
- D. Subrogation
Which of the following must be stated in the article of association?
- A. the objects of the company
- B. the registered office address of the company
- C. the method of issue and transfer of shares
- D. Statement that liabilities are limited
Which of the following must be stated in the article of association?
- A. the objects of the company
- B. the registered office address of the company
- C. the method of issue and transfer of shares
- D. Statement that liabilities are limited
A company whose shares are not easily transferable is a
- A. private limited company
- B. public limited company
- C. public corporation
- D. company limited by guarantee
A company whose shares are not easily transferable is a
- A. private limited company
- B. public limited company
- C. public corporation
- D. company limited by guarantee
The selling of articles from place to place on foot is
- A. mail order
- B. itinerant trading
- C. barter
- D. self service
One roof containing a number of shops is a
- A. tied shop
- B. mail order firm
- C. department store
- D. chain store
One roof containing a number of shops is a
- A. tied shop
- B. mail order firm
- C. department store
- D. chain store
The import of foreign-produced goods to be re-exported is known as
- A. domestic trade
- B. wholesale trade
- C. entrepot trade
- D. counter trade
The import of foreign-produced goods to be re-exported is known as
- A. domestic trade
- B. wholesale trade
- C. entrepot trade
- D. counter trade
Which of the following factors is not to be considered in starting a retail trade?
- A. Size of the business
- B. Nature of the business
- C. Amount of capital required
- D. Level of tax payable
Which of the following factors is not to be considered in starting a retail trade?
- A. Size of the business
- B. Nature of the business
- C. Amount of capital required
- D. Level of tax payable
Small scale retailers continue to survive inspite of serious competition from large scale retailers because they
- A. buy from many manufacturers
- B. maintain personal relationship with customers
- C. stock only one line of goods in their stalls
- D. do not separate business money from personal money
Which of the following describes the reason for international trade
- A. Balance of payment
- B. Comparative cost advantage
- C. Absolute cost advantage
- D. Balance of trade
If a businessman wants to insure against dishonesty of the cashier, he will take
- A. burglary policy
- B. an employer's liability cover
- C. a fidelity guarantee cover
- D. a consequential loss policy
If a businessman wants to insure against dishonesty of the cashier, he will take
- A. burglary policy
- B. an employer's liability cover
- C. a fidelity guarantee cover
- D. a consequential loss policy
Which of the following can quote its shares on the stock exchange
- A. Partnership
- B. Sole-proprietorship
- C. Co-operative society
- D. Public limited company