Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?
- A. Consortium
- B. Trade Association
- C. Consumer Association
- D. Holding company
A company is said to be insolvent when
- A. it makes a loss in any one year
- B. its total liabilities exceed total assets
- C. the ordinary shareholders recieve no dividend from the company
- D. the preference shareholders could not be paid by the company
A company is said to be insolvent when
- A. it makes a loss in any one year
- B. its total liabilities exceed total assets
- C. the ordinary shareholders recieve no dividend from the company
- D. the preference shareholders could not be paid by the company
The document which regulates the operations of a partnership is known as
- A. Deed
- B. Articles of Association
- C. Prospectus
- D. Certificate of trading
The document which regulates the operations of a partnership is known as
- A. Deed
- B. Articles of Association
- C. Prospectus
- D. Certificate of trading
The safe keeping of goods from the point of production to the time they are needed is`
- A. standardizing
- B. warehousing
- C. hoarding
- D. stock controlling
The safe keeping of goods from the point of production to the time they are needed is`
- A. standardizing
- B. warehousing
- C. hoarding
- D. stock controlling
A public limited company wishing to obtain more capital may have to
- A. apply for subvention
- B. buy treasury bills
- C. buy second-hand securities
- D. issue debentures
A business unit in which profits are shared on the basis of members’ patronage is known as
- A. partnership
- B. public limited company
- C. Co-operative society
- D. private limited company
Which of the following enables people to consume a variety of goods and services?
- A. Labour
- B. Capital
- C. Land
- D. Exchange
Which of the following enables people to consume a variety of goods and services?
- A. Labour
- B. Capital
- C. Land
- D. Exchange
Which of the following refers to all the resources used in creating utilities?
- A. Fixed capital
- B. Factors of production
- C. Enterpreneurship
- D. Labour
Which of the following brings about specialization?
- A. Recruitment of staff
- B. Division of labour
- C. Business resource
- D. Employer of labour
Which of the following brings about specialization?
- A. Recruitment of staff
- B. Division of labour
- C. Business resource
- D. Employer of labour
The goods that are used for the production of other goods are known as
- A. commercial goods
- B. consumer goods
- C. capital goods
- D. non-durable
The goods that are used for the production of other goods are known as
- A. commercial goods
- B. consumer goods
- C. capital goods
- D. non-durable
A shoe repairer is engaged in a
- A. service occupation
- B. manufacturing
- C. extractive occupation
- D. commercial occupation
Which of the following is not true of air transport?
- A. it is used to transport goods of high value
- B. has high operating costs
- C. it is good for transporting blood for infusion
- D. operates normally irrespective of weather conditions
- E. it travels on schedule
Which of the following is not true of air transport?
- A. it is used to transport goods of high value
- B. has high operating costs
- C. it is good for transporting blood for infusion
- D. operates normally irrespective of weather conditions
- E. it travels on schedule
A symbol that is used to distinguish a company’s product from others is a
- A. licence
- B. trade mark
- C. patent right
- D. trade permit
- E. copy right
A symbol that is used to distinguish a company’s product from others is a
- A. licence
- B. trade mark
- C. patent right
- D. trade permit
- E. copy right