If a customer opens a deposit account with a bank, he will
- A. recieve a crossed cheque book
- B. be given a tally
- C. be given a loan
- D. recieve interest
Which of the following receives dividend based on patronage?
- A. Preference shareholder
- B. Co-operative society member
- C. Cumulative preference shareholder
- D. Debenture holder
A cheque dated 30th July, 2004 but presented for payment on 28th February, 2005 is
- A. post-dated
- B. crossed
- C. opened
- D. stale
Working capital is
- A. current assets less total liabilities
- B. total assets less total liabilities
- C. current liabilities plus current assets
- D. current assets less current assets
Which of the following is not a sales promotion method?
- A. Demonstration
- B. Exhibition
- C. Free sample
- D. Newspaper
Which of the following is not a sales promotion method?
- A. Demonstration
- B. Exhibition
- C. Free sample
- D. Newspaper
One disadvantage of advertising to the consumer is that it
- A. brings confusion on the choice of goods
- B. inncreases demand
- C. persuades the public to buy what they need
- D. decreases the cost of goods
One disadvantage of advertising to the consumer is that it
- A. brings confusion on the choice of goods
- B. inncreases demand
- C. persuades the public to buy what they need
- D. decreases the cost of goods
Which of the following advertising media combines the advantages of both sight and sound?
- A. Television
- B. Radio
- C. Neon sign
- D. Billboard
Which of the following advertising media combines the advantages of both sight and sound?
- A. Television
- B. Radio
- C. Neon sign
- D. Billboard
In sea transport, vessels that operate on fixed routes and schedules are called?
- A. ferries
- B. yachts
- C. liners
- D. tramps
Which of the following carries specialized goods?
- A. Liner
- B. Tramp
- C. Ferry
- D. Tanker
The net profit is calculated as
- A. sales less purchases
- B. sale less expenses
- C. gross profit less expenses
- D. gross profit less purchases
The amount paid regularly by the assured to the insurer is
- A. dividend
- B. premium
- C. interest
- D. indemnity
The amount paid regularly by the assured to the insurer is
- A. dividend
- B. premium
- C. interest
- D. indemnity
A business that is independent of its owners is a
- A. sole proprietorship
- B. partnership
- C. limited liability company
- D. co-operative society
A business that is independent of its owners is a
- A. sole proprietorship
- B. partnership
- C. limited liability company
- D. co-operative society
The document which gives legal authority to a company to operate as a legal entity is
- A. Memorandum of Association
- B. Article of Association
- C. Share Certificate
- D. Certificate of Incorporation
Information requested from a bank concerning the credit worthiness of a new customer to a business is
- A. private enquiry
- B. status enquiry
- C. general enquiry
- D. letter of enquiry
Which of the following is mostly used by a mail order business to sell goods
- A. Posters
- B. Catalogues
- C. Journals
- D. Magazines
Which of the following is mostly used by a mail order business to sell goods
- A. Posters
- B. Catalogues
- C. Journals
- D. Magazines