Question 1 of 20 4,313 total questions
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
A Article of Association
B Companies’ Act
C Memorandum of Association
D Deed
E Prospectus
A situation where a consumer's need is the focus of attention is regarded as
A consumer orientation
B marketing concept
C market research
D market segmentation
E sales orientation
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called
A agency
B contract agreement
C legal relation
D offer and acceptance
E valid contract
Marketing mix consists of
A place, planning, play and price
B planning, controlling and organizing
C product, place, price and promotion
D promotion, play, planning and price
E price, planning, promotion and price
Bonded warehouses are controlled by
A clearing and forwarding agents
B custom and excise
C export promotion council
D marketing boards
E port authority
Which comes first in the channel of distribution?
A consignor
B consumer
C manufacturer
D retailer
E wholesaler
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
A be informed
B buy whatever they want
C choose
D healthy environment
E safety
The greatest weapon of the buyer against the activities of false advertisers is
A consumer education
B manufacturer's education
C marketing education
D producer‘s education
E salesmanship
The main reason for Government ownership of a public enterprise is to provide
A education and electricity
B electricity only
C essential services
D loans for the people
E roads and electricity
Reorganization of public enterprises to run as profit-making ventures is called
A commercialization
B indigenization
C industrialization
D nationalization
E privatization
The process by which the government takes over private business is known as
A commercialization
B indigenization
C nationalization
D naturalization
E privatization
Which holder receives interest?
A cumulative preference
B debenture
C non-cumulative
D ordinary share
E preference shares
When one party to a contract refuses to perform the obligations assumed under the contract, there is
A breach of contract
B frustration
C operational law
D performance
E voluntary agreement of the parties
A voluntary body formed by people in the same line of business is known as?
A trade union
B trade association
C cartel
D employers' association
The process by which government takes over the ownership and control of an existing private business is?
A industrialization
B privatization
C nationalization
D commercialization
The duty of an agent of necessary to a principle is based on?
A trust
B ability
C negotiation
D mutual agreement
In a contract, offer is described as a counter offer if?
A a new clause is introduced
B it is not understood
C it is not addressed to a particular person
D it leaves no room for renegotiation
In a contract, offer is described as a counter offer if?
A a new clause is introduced
B it is not understood
C it is not addressed to a particular person
D it leaves no room for renegotiation
Which of the following is not a method of discharging a contract?
A Performance
B Breach
C Consideration
D Frustration
A major reason why government regulate business activities is to?
A prevent producers from selling at profit
B providing employment to schools
C ensures fair practices and consumers protection
D force producers to export more goods
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