A tax charged in proportion to the value of imported goods is?
- A. specific duty
- B. ad valorem
- C. custom duty
- D. excise duty
which of the following is a disadvantage of retailing
- A. selling on credit
- B. lower prices of goods
- C. selling in smaller quantities
- D. located at convenient places
a private limited liability company differs from a public limited liability because it
- A. does not issue its shares to the public
- B. as a separate entity
- C. has many directors
- D. is a going concern
the study to discover consumers’ preference and needs is called
- A. market segmentation
- B. consumer orientation
- C. market research
- D. market mix
which of the following is a disadvantage of foreign trade
- A. it encourages dumping
- B. it widens the world market
- C. it encourages specialization
- D. it provides varieties of goods
All activities aimed at creation of a good image for an organisation are referred to as
- A. market segmentation
- B. market research
- C. public relation
- D. consumer orientation
when two insurers are liable under a given common policy, the principle of insurance that applies is?
- A. indemnity
- B. subrogation
- C. proximate clause
- D. contribution
equity interest in a company is represented by?
- A. preference shares
- B. dividend
- C. debenture
- D. ordinary shares
which of the following is used for making payments to many people in a single cheque
- A. debit transfer
- B. certified cheque
- C. bank draft
- D. credit transfer
commerce started as a result of?
- A. speculation
- B. consumption
- C. specialization
- D. nationalization
turnover could be increased by
- A. increasing prices and product differentiation
- B. advertising and cutting prices
- C. refusing credit and customer services
- D. increasing the mark up and margin
when shares are sold ex–div it means the?
- A. shares are sold at par price
- B. buyer is entitle to the next dividend
- C. shares are sold above par
- D. seller has right to the next dividend
which of the following principls stipulates that the insured must be in a position to suffer financial loss?
- A. indemnity
- B. proximate clause
- C. insurable interest
- D. subrogation
the market for short term security is called?
- A. commodity market
- B. discount market
- C. money market
- D. stock market
a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim
- A. indemnity
- B. contribution
- C. insurable interest
- D. proximate cause
A cheque made payable to a named person is?
- A. a crossed cheque
- B. a certified cheque
- C. an order cheque
- D. a confirmed cheque
the practice of selling goods in foreign markets at a price lower than the cost price is?
- A. fair trading
- B. under invoicing
- C. hedging
- D. dumping
Retail outlets which sell from specialized vans are called?
- A. super market
- B. multiple shops
- C. mail order
- D. mobile shop
which of the following is an aspect of marketing concept
- A. product differentiation
- B. sales orientation
- C. consumer orientation
- D. price differentiation
The reduction in the value of a country’s currency in relation to others is?
- A. re denomination
- B. devaluation
- C. inflation
- D. deflation
Which of the following is classified under current assets
- A. machinery
- B. motor vehicle
- C. stock
- D. fittings