Question 1 of 20 74 total questions
The machine used in sending telex message is known as?
A photocopier
B typewriter
C teleprinter
D punching machine
E dictaphone
Goods discharged from ship on which import duties have not been paid are kept in the?
A ordinary warehouse
B private warehouse
C public warehouse
D wholesaler warehouse
E bonded warehouse
Which of the following is not a function of warehousing?
A Provision of storage facilities
B Availability of goods where needed
C Availability of goods when needed
D Reduction of price fluctuation
E Production in anticipation of demand
The telephone service through which one can dial any number,local,trunk or overseas is known as?
A internal communication system
B standard dialling system
C subscriber's trunk dialling system
D international telecommunication
E coded dialling order
Which of the following defines communication?
A Movement of goods
B Transmission of information
C Movement of people
D Storing of information
E Distribution of newspapers
The charge paid for failing to off-load a vehicle within a stipulated time is called?
A freight
B demurrage
C fine
D fare
E floating charge
Which of the following is not one of the 4m's of business resources?
A Method
B Men
C Money
D Material
E Machine
A bank may dishonour a cheque if?
A it is not crossed
B an alteration on the cheque is initiated
C the amount on the cheque is less than the amount in the account
D it has been endorsed to a third party
E the amount on the cheque is more than the amount in the account
Third party insurance covers, damages?
A to both passengers and the vehicle
B caused by the vehicle insured
C to all parties concerned
D to both vehicles involved
E to the insured vehicle only
An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?
A voluntary chain
B producer co-operative society
C multiple store
D departmental store
E hypermarket
The capital that is needed to meet the day-to-day running of a business is the?
A fixed capital
B reserved capital
C circulating capital
D liquid capital
E capital employed
A person who wants to undertake an insurance policy usually completes?
A a proposal form
B a promotion form
C an application form
D an agreement form
E a subscription form
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
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