Question 1 of 20 4,313 total questions
A bank whose name is printed on a cheque leaf is known as the?
A drawer
B payer
C drawee
D payee
E acceptor
A crossed postal order is?
A generally acceptable for payment
B easily converted to cash
C the same as money order
D cashed through a bank
E cashed through a post office
Cash is said to be legal tender because it?
A can be converted into money order
B can be offered and accepted for payment
C is negotiable
D also takes the form of bank draft
E is portable
The excess value of the assets of a business over its liabilities is?
A capital owned
B working capital
C issued capital
D liquid capital
E reserved capital
The different between an overdraft and loan is that an overdraft?
A does not yield interest
B is giving to savings account holders only
C yields interest on the customer before it is granted?
D yields interest only on the sum drawn
E requires no application by the customer before it is granted
When an insured person admits that he has indemnified, he means that?
A the insurance company has accepted his claim
B the damaged properties has been recovered
C he has paid his premium fully
D the insurance company has restored him to his formal position
E he has recovered benefits lost through acting in bad faith
A person who sells goods belonging to another person in his own name and receives commission is a?
A wholesaler
B retailer
C sole trader
D factor
E merchant
The concept that consumers decided what goods and services shall be known as consumer?
A protection
B surplus
C sovernignty
D behaviour
E co-operative
Which of the following is not an elements of the marketing mix?
A Product
B Pricing
C Promotion
D Purchases
E Place
The performance of business activities that directs the flow of goods and services from the producer to the consumer is?
A marketing
B merchandising
C transportation
D production
E marketing mix
Which of the following is a form of sales promotion?
A Advertising through radio
B Advertising by television
C Distributing printed sales literature
D Offering free samples to customers
E Advertising by posters
The insured is prevented from making profit from claims under more than one policy for the same risk by the principle of?
A Contribution
B Surbrogation
C Utmost good faith
D Proximate cause
E Insurable interest
Which of the following assigns a name to a product?
A Copyright
B Packaging
C Labelling
D Patent
E Branding
Which of the following is used to stimulate sales?
A Finance
B Insurance
C Wharehousing
D Advertising
E Banking
Which of the following is used to stimulate sales?
A Finance
B Insurance
C Warehousing
D Advertising
E Banking
The cost of advertising a product is ultimately borne by the?
A manufacturer
B wholesaler
C agent
D consumer
E retailer
A service whereby NIPOST undertakes to collect money due to the sender of a parcel is called?
A C.O.D
B C.W.O
C C.I.F
D F.O.B
E F.O.R
A post office service which provides an alternative to delivery of mails by a postman is the?
A Post Office Box
B Postcode
C Business Reply Service
D Post Office guide
E Prepaid Post
The handling of telephone and telex services is done by?
A NITEL
B NIPOST
C COURIER
D NEC
E NECA
The process of selling government business to the public is known as?
A naturalization
B nationalization
C privatization
D commercialization
E indigenization
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