Which of the following makes sales possible without a sales attendant ?
- A. telex machine
- B. fax machine
- C. vending machine
- D. franking machine
A very effective way of resisting the producer’s exploitation is to
- A. ban the producer
- B. campaign against the company
- C. form consumer's association
- D. form a trade union
A very effective way of resisting the producer’s exploitation is to
- A. ban the producer
- B. campaign against the company
- C. form consumer's association
- D. form a trade union
Which of the following is a duty of the Employers Association?
- A. procuring raw materials at regular intervals
- B. establishing a uniform wage scale
- C. negotiating with the government on sites for firms
- D. discharging workers when production is low
Dividend is always expressed as a percentage of total
- A. earnings of a business
- B. value of shares owned
- C. working capital
- D. volume of business
Dividend is always expressed as a percentage of total
- A. earnings of a business
- B. value of shares owned
- C. working capital
- D. volume of business
The working capital of a firm is calculated as
- A. current assets minus current liabilities
- B. current liabilities minus fixed assets
- C. value of all assets
- D. value of issued capital
The working capital of a firm is calculated as
- A. current assets minus current liabilities
- B. current liabilities minus fixed assets
- C. value of all assets
- D. value of issued capital
An increase in the volume of sales is also an increase in
- A. profit
- B. turnover
- C. fixed assets
- D. owner's equity
An increase in the volume of sales is also an increase in
- A. profit
- B. turnover
- C. fixed assets
- D. owner's equity
A private company’s ability to raise capital is limited because
- A. its borrowing powers are limited
- B. membership does not exceed 50
- C. shares cannot be made public
- D. of limited collateral security
A private company’s ability to raise capital is limited because
- A. its borrowing powers are limited
- B. membership does not exceed 50
- C. shares cannot be made public
- D. of limited collateral security
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is
- A. horizontal integration
- B. vertical integration
- C. lateral integration
- D. joint venture
A business becomes a separate legal entity after it has
- A. started operation
- B. been incorporated
- C. been insured
- D. been accepted by the public
A business becomes a separate legal entity after it has
- A. started operation
- B. been incorporated
- C. been insured
- D. been accepted by the public
In which of the following business units are profits shared on the basis of membership patronage?
- A. public enterprise
- B. partnership
- C. co-operative society
- D. public limited liability company
In which of the following business units are profits shared on the basis of membership patronage?
- A. public enterprise
- B. partnership
- C. co-operative society
- D. public limited liability company
The main aim of credit and thrift societies is to
- A. settle disputes among members
- B. educate their members
- C. secure loans for members
- D. encourage savings among members
Risks in business are borne by the
- A. consumer
- B. entrepreneur
- C. marketing manager
- D. personnel manager
The divisions of production are
- A. industry,banking and services
- B. industry,manufacturing and services
- C. industry,commerce and services
- D. industry, commerce and services
Any activity that changes raw materials into consumer or industrial goods is
- A. Constructive
- B. assembling
- C. extractive
- D. manufacturing