Question 1 of 20 50 total questions
Shares issued to existing shareholders, without paying for them are referred to as ....... issue.
A allowance
B bonus
C extra
D right
E special
Which of the following forms of business unit requires a certificate of trading before commencing business?
A Partnership
B Public liability company
C Private liability company
D Public corporation
E Sole proprietorship
Advertising could be used to achieve all the following EXCEPT
A building primary demand
B creating brand loyalty
C creating employee loyalty
D enhancing turn-over
E increasing market share
The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.
A copyright
B fundamental right
C patent
D right to machine
E trade mark
A large rental organization with a number of sections selling different goods in the same building is called a ....
A chain store
B departmental store
C multiple shop
D self service shop
E Supermarket
When a business organization constructs schools and roads for the use of a community. such responsibility is
A commercial
B economical
C industrial
D political
E social
One of the barriers to foreign trade is the presence of
A difference in goods and services
B different means of transportation
C many society personnel
D tariffs on goods and services
E various means of production
Which of the following invites the general public to subscribe for its shares?
A Co-operative
B Private liability company
C Public corporation
D Public liability company
E Sole proprietorship
Which of the following does NOT relate to marine insurance?... policy
A Endowment
B Floating
C Time
D Valued
E Voyage
......is a letter sent to the suppliers requesting details of goods offered for sale
A An Invoice
B Letter of enquiry
C Purchase order
D Requisition
E Quotation
The reward for Labour as a factor of production is
A interest
B premium
C profit
D rent
E wage
The factor of production that combines others factors and bears the risks in production process is
A capital
B entrepreneur
C land
D labour
E wages
Who among the following is the last link in the chain of distribution?
A Consignor
B Consumer
C Producer
D Retailer
E Wholesaler
The agreement between an exporter and a ship owner to convey goods is known as
A charter party
B dock warrant
C marine policy
D shipping conference
E ships manifest
A cheque is not a legal tender because it is
A not mandatory to a creditor to accept it
B not negotiable
C transferable
D only a representation of money
E should be paid into a bank account
The reward of an agent working for a principal is a
A bonus
B commission
C dividend
D interest
E profit
Re-exporting imported goods to another country is known as ........ trade.
A barter
B counter
C entreport
D invisible
E visible
Which of the following risks would an insurance company not prepared to cover?
A Change in fashion
B Death resulting from HIV
C Loss of cash in transit
D Numerous employees
E Theft of property
Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?
A Food and Drug Act
B Hire Purchase Laws
C Price Control Decree
D Sale of Goods Act
E Usury Laws
Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ....... department.
A finance
B management and administration
C publicity
D production
E packing and dispatch
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