The exchange of goods and services among many countries is
- A. multilateral trade
- B. bilateral trade
- C. counter trade
- D. entrepot trade
A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?
- A. Credit note for #500.00
- B. Debit note for #500.00
- C. Credit note for #2,500.00
- D. Debit note for #2,500.00
A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?
- A. Credit note for #500.00
- B. Debit note for #500.00
- C. Credit note for #2,500.00
- D. Debit note for #2,500.00
The charges imposed by the government on locally manufactured goods is called
- A. customs duties
- B. excise duties
- C. tariffs
- D. quota
The charges imposed by the government on locally manufactured goods is called
- A. customs duties
- B. excise duties
- C. tariffs
- D. quota
The process of making goods attractive and easy to handle is
- A. branding
- B. merchandising
- C. packaging
- D. labelling
Farmers and all other workers concerned with getting raw materials from the earth are engaged in
- A. commercial occupation
- B. manufacturing occupation
- C. constructive occupation
- D. extractive occupation
Babou Penn, a fisherman says he has all necessary materials to go to sea today, except the captain of his boat . Captain here as a factor of production refers to
- A. enterpreneur
- B. capital
- C. labour
- D. land
Babou Penn, a fisherman says he has all necessary materials to go to sea today, except the captain of his boat . Captain here as a factor of production refers to
- A. enterpreneur
- B. capital
- C. labour
- D. land
Production is defined as
- A. an industrial activity
- B. creation of utilities
- C. the exchange of goods and services
- D. changing of raw materials into finished goods
Which of the following is not a function of commerce?
- A. Facilitates mass production of goods
- B. Assists in raising capital
- C. Creates goods and services
- D. Offers employment
Commerce can be defined as the
- A. exchange of goods and services
- B. distribution and exchange of goods and services
- C. distribution of services at home
- D. export of services
A document showing that a person has shipped certain goods through a named ship is
- A. bill of lading
- B. bill of exchange
- C. dock warrant
- D. bill of entry
A specialist on the stock exchange who buys and sells securities in his own name is a
- A. Stag
- B. Bull
- C. Broker
- D. Jobber
A specialist on the stock exchange who buys and sells securities in his own name is a
- A. Stag
- B. Bull
- C. Broker
- D. Jobber
Which of the following refers to the division of market into identifiable sub-markets
- A. Market research
- B. Market segmentation
- C. Market penetration
- D. Marketing mix
Which of the following refers to the division of market into identifiable sub-markets
- A. Market research
- B. Market segmentation
- C. Market penetration
- D. Marketing mix
Which of the following is an advantage of transportation by sea?
- A. Goods can be delivered from door to door
- B. it is a cheaper means of transporting goods
- C. it is accident free
- D. it is the fastest means of transport
Which of the following is an advantage of transportation by sea?
- A. Goods can be delivered from door to door
- B. it is a cheaper means of transporting goods
- C. it is accident free
- D. it is the fastest means of transport
Which of the following provides evidence of receipt of an important document sent through the post?
- A. Recorded delivery service
- B. Air mail service
- C. Letter post
- D. Express delivery service
Which of the following is not a means of water transport
- A. Liner
- B. Tanker
- C. Truck
- D. Barge