Trade may be defined as
- A. buying and selling of goods
- B. buying and selling of goods and services
- C. distribution goods
- D. production of goods
- E. selling of goods and services
Trade may be defined as
- A. buying and selling of goods
- B. buying and selling of goods and services
- C. distribution goods
- D. production of goods
- E. selling of goods and services
The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as
- A. advertising
- B. distributing
- C. marketing
- D. planning
- E. trading
In international trade, …… is used to show the exact country where the goods are imported.
- A. bill of lading
- B. certificate of origin
- C. consular invoice
- D. dock receipt
- E. shipping note
In international trade, …… is used to show the exact country where the goods are imported.
- A. bill of lading
- B. certificate of origin
- C. consular invoice
- D. dock receipt
- E. shipping note
Credit in business transaction is a. ……
- A. compliment to a good customer
- B. form of loan
- C. means of saving money
- D. prepayment by customers
- E. rebate for large purchases
Credit in business transaction is a. ……
- A. compliment to a good customer
- B. form of loan
- C. means of saving money
- D. prepayment by customers
- E. rebate for large purchases
An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as …. industry.
- A. commercial
- B. construction
- C. extractive
- D. manufacturing
- E. mining
An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as …. industry.
- A. commercial
- B. construction
- C. extractive
- D. manufacturing
- E. mining
The value of money is measured by the
- A. amount of goods and services a unit of it can purchase
- B. amount of its unit people can hold
- C. . ease at which people can spend a unit of it
- D. quantity of it in circulation
- E. rate of national development
The right to retain possession of property of another until certain legitimate demands are satisfied is known as
- A. agency
- B. copyright
- C. guarantee
- D. lien
- E. patent
Who among the following assess goods on arrival at a port?
- A. Agent
- B. Customs
- C. Importer
- D. Shipping company
- E. Ship owner
The prospectus of a company must include
- A. names and addresses of management staff
- B. the certificate of incorporation
- C. the directors remuneration
- D. the value of annual dividend
- E. types of shares available and their cost
Business transactions are usually based upon agreements known as
- A. confidence
- B. contract
- C. good-will
- D. proposal
- E. understanding
A business person who contracts to sell shares in the expectation of a fall in price is a
- A. bear
- B. broker
- C. bull
- D. jobber
- E. speculator
Which of the following is a non-insurable risk
- A. Cash-in-transits
- B. Consequential loss
- C. Fire
- D. Home accidents
- E. Speculative venture
Which of the following is a non-insurable risk
- A. Cash-in-transits
- B. Consequential loss
- C. Fire
- D. Home accidents
- E. Speculative venture
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
- A. Credit note
- B. Debit note
- C. Delivery note
- D. Invoice
- E. Quotation
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
- A. Credit note
- B. Debit note
- C. Delivery note
- D. Invoice
- E. Quotation
Goods are given utility by
- A. changing their forms and location
- B. consuming them
- C. costing their value
- D. numbering and counting them
- E. packing and measuring them
Goods are given utility by
- A. changing their forms and location
- B. consuming them
- C. costing their value
- D. numbering and counting them
- E. packing and measuring them