Question 1 of 20 60 total questions
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
The taken over by government of enterprises formerly owned by private person is referred to as?
A privatization
B nationalization
C commercialization
D indigenization
In a law of contract, what is given in exchange for a promise to perform is?
A offer
B acceptance
C consideration
D warranty
Which of the following is not concerned about consumer protection?
A Foods and Drugs Act
B Trade Descriptions Act
C Price control Act
D General Agreement on Traiffs and Trade
A void contract is one that?
A is enforceable
B has no maturity
C has no legal effect
D is discharged
Market skimming is an example of?
A is enforceable
B has no maturity
C has no legal effect
D is discharged
Activities undertaken to create awareness for a product by giving out samples premium or conducting contest are known a?
A marketing mix
B marketing concept
C consumerism
D sales promotion
It is often said that "the consumer is always right" This describes the doctrine of?
A consumer movement
B consumer sovereignty
C caveat emptor
D consensus ad idem
When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?
A mass advertising
B competitive advertising
C persuasive advertising
D direct advertising
When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?
A mass advertising
B competitive advertising
C persuasive advertising
D direct advertising
A retailer sells his product at "Buy-two-take three" The sales promotion method referred to is?
A free sample
B gift
C premium
D trade
A retailer sells his product at "Buy-two-take three" The sales promotion method referred to is?
A free sample
B gift
C premium
D trade
Which of the following does not belong to the group?
A Posters
B Window display
C Free samples
D Hoarding of goods
One disadvantage of of rail transport is?
A suitability for fragile goods
B obsence of pilferage
C vulnerability to severe weather
D inflexibility
A transporter who does not reject carrying lawful goods to destination is?
A tramp vessel
B ocean liner
C Common carrier
D private carrier
Which of the following provides a proof posting and that the item has got to the addressee?
A Certificate of posting
B Recorded delivery
C Registration latter
D Express letter
Who the following sells among securities in anticipation of a fall in price?
A Bear
B Stag
C Jobber
D Bull
If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?
A indemnity
B suborgation
C contribution
D insurable interest
Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?
A Fidelity guarantee insurance
B Consequential loss insurance
C Products' liability insurance
D Employers' liability company
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