A refund of the duty collected on goods imported into a country which are later re-exported is called
- A. excise duty
- B. ad valorem tax
- C. customs drawback
- D. demurrage
A refund of the duty collected on goods imported into a country which are later re-exported is called
- A. excise duty
- B. ad valorem tax
- C. customs drawback
- D. demurrage
Okoni and Co. law chamber is an example of a
- A. sole proprietorship
- B. partnership
- C. co-operative society
- D. public limited company
Okoni and Co. law chamber is an example of a
- A. sole proprietorship
- B. partnership
- C. co-operative society
- D. public limited company
A firm that accepts, sells and delivers goods by post is a
- A. supermarket
- B. multiple store
- C. department store
- D. mail order business
A firm that accepts, sells and delivers goods by post is a
- A. supermarket
- B. multiple store
- C. department store
- D. mail order business
Which of the following cannot be used to regulate importation?
- A. Import quota
- B. Import license
- C. Imposition of embargo
- D. Increase of excise duty
The relationship between partners is stipulated in the
- A. Memorandum of Association
- B. Article of Association
- C. Partnership Deed
- D. Certificate of Incorporation
The relationship between partners is stipulated in the
- A. Memorandum of Association
- B. Article of Association
- C. Partnership Deed
- D. Certificate of Incorporation
The buying and selling of goods and services within a country is called
- A. counter trade
- B. entrepot trade
- C. foreign trade
- D. home trade
The buying and selling of goods and services within a country is called
- A. counter trade
- B. entrepot trade
- C. foreign trade
- D. home trade
Which of the following services is not offered to retailers by wholesalers?
- A. Keeping them informed of the demands of consumers
- B. Keeping them informed of new products
- C. Offering a wide range of products
- D. Granting credit
Which of the following services is not offered to retailers by wholesalers?
- A. Keeping them informed of the demands of consumers
- B. Keeping them informed of new products
- C. Offering a wide range of products
- D. Granting credit
Product differentiation is achieved by
- A. packaging and branding
- B. packaging and grading
- C. market segmentation
- D. outdoor advertising
Which of the following statements cannot be found in a partnership deed?
- A. Names of partners
- B. Nature of business
- C. Payment of tax
- D. Interest on capital
A shop that sells only products of a particular manufacturer is known as
- A. mobile shop
- B. unit shop
- C. tied shop
- D. small shop
The main purpose of sending delivery notes along with goods is to
- A. enable the goods to be checked on arrival
- B. enable the buyer to pay the correct delivery charges
- C. ensure the safe delivery of the goods
- D. prevent the goods from being stolen in transit
An agreement whereby the seller transfers or agrees to transfer the property in goods for a monetary consideration is a
- A. contract of sale
- B. hire purchase
- C. conditional sale
- D. party selling
A transaction where the buyer of a commodity becomes its legal owner after the payment of the last installment is
- A. a credit sale
- B. factoring
- C. hire purchase
- D. leasing
If a ship overstays its stipulated time at a port, it pays a charge known as
- A. arbitrage
- B. demurrage
- C. dock due
- D. toll
The exchange of goods and services among many countries is
- A. multilateral trade
- B. bilateral trade
- C. counter trade
- D. entrepot trade