Question 1 of 20 4,313 total questions
A practice where producers of the same product come together to advertise is known as
A mass advertising
B institutional advertising
C direct advertising
D persuasive advertising
Which of the following is not a feature of a sole trader
A quick decision making
B Guaranteed profits
C Unlimited liability
D Bearing losses alone
The difference between the cost of goods sold and the sales value is known as
A net profit
B net loss
C gross profit or loss
D surplus
Which of the following arranges for the conveyance of goods abroad
A Ports Authority
B Customs and Excise Authority
C Airports Authority
D Export Promotion Council
Which of the following retail outlets is described as selling without shops
A Multiple stoes
B Supermarket
C Mail order business
D Department stores
Commercial banks usually settle their interbank indebtedness through the
A money market
B clearing house
C discount house
D stock exchange
The term "utmost good faith" in insurance requires that the insured must
A make profit from any loss suffered
B receive his compensation fully in the event of loss
C disclose all relevant facts on what is being insured
D pay his premium regularly
Which of the following is the main purpose of a third party insurance? To
A indemnify an injured outsider
B indemnify the insured
C protect the vehicle against theft
D compensate the driver for injuries sustained
The reduction in the value of a country's currency in relation to other country's currencies is
A devaluation
B inflation
C deregulation
D fluctuation
Any activity aimed at finding out the wants of consumers and supplying them at a profit is referred to as?
A promotion
B marketing
C segmentation
D penetration
Which of the following is not reason for nationalization
A Encouraging foreign investors
B Reducing the remittance of profits abroad
C Training local enterpreneus
D Controlling the country's key industries
The process of putting goods in attractive packets to arouse the interest of customers is
A collation
B wrapping
C branding
D packaging
The monopoly right granted to an inventor is a
A trademark
B brand name
C patent
D copyright
Who among the following is a middlemen?
A Manufacturer
B Agent
C Insurer
D Consumer
The process of taking over the management and control of a privately owned business by government is
A indigenization
B nationalization
C participation
D privatization
It is safer and quicker to transport petrol and gas by
A rail
B road
C pipeline
D air
In a limited partnership, one of the members must be
A a general partner
B a nominal partner
C an active partner
D a dormant partner
Demurrage is paid by a vessel for
A overloading
B travelling along unplanned route
C delaying at the port
D not using the services at the wharf
The principle where many insurance companies join to compensate one policy holder is called?
A contribution
B subrogation
C compensation
D indemnity
A specialized market where stocks and shares are bought and sold is
A money market
B commodity exchange market
C perfect market
D stock exchange market
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