Question 1 of 20 60 total questions
The process of dealing with a cheque once it has been paid into the creditor's bank is?
A clearing
B accepting
C negotiating
D discounting
Quality discount is offered to persuade the buyer to?
A pay promptly
B defer payment
C pay a deposit
D buy more
Which of the following is used to inform the buyer that goods available for sale?
A Quotation
B Proforma
C Advice note
D Despatch book
Which of the following is used to inform the buyer that goods available for sale?
A Quotation
B Proforma
C Advice note
D Despatch book
Which of the following contains the complete information on goods available for sale?
A Invoice
B Delivery note
C Consignment note
D Catalogue
Which of the following contains the complete information on goods available for sale?
A Invoice
B Delivery note
C Consignment note
D Catalogue
Taxes imposed on locally made goods are known as?
A ad valorem
B import duties
C export drawback
D excise duties
A public limited liability company can be enter into contracts because it?
A has many employees
B has shareholders
C is legal entity
D is allowed to take out debentures
A public limited liability company can be enter into contracts because it?
A has many employees
B has shareholders
C is legal entity
D is allowed to take out debentures
Total assets minus current liabilities is equal to a company's?
A gross profit
B net profit
C capital owned
D capital employed
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
A Bill of exchange
B Certificate of origin
C Consumers invoice
D Bill of sight
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
A Bill of exchange
B Certificate of origin
C Consumers invoice
D Bill of sight
Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?
A Advice note
B Statement
C Invoice
D Credit note
Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?
A Advice note
B Statement
C Invoice
D Credit note
To sell a bill at less that the face value before its maturity is?
A discounting
B retiring
C accepting
D noting
To sell a bill at less that the face value before its maturity is?
A discounting
B retiring
C accepting
D noting
Entrepot trade means?
A exchange of goods between two countries
B exchange of goods among many countries
C exporting goods to be re - imported
D importing goods to be re-exported
Which of the following requires services of middlemen?
A Technical goods
B Expensive goods
C Convenience goods
D Perishable goods
The refund made by on goods re-exported after being imported is known as?
A import duty
B export duty
C excise drawback
D customs drawback
Which of the following is not a function of the retailing?
A Buying in bulk and warehousing
B Buying and selling in bits to consumers
C Advising consumers on the right type of goods
D Granting credits to customers
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