Question 1 of 10 50 total questions
Which of the following is best organized as a partnership?
A Drilling and marketing of crude oil
B Brewing and distribution of beer
C Designing and building of houses
D Assembling and marketing of vehicles
Where a limited partner exists in a partnership
A no active partner is needed
B other partners must be nominal
C at least one ordinary partner must be there
D at least one member must be a legal practitioner
The rate at which the country's import exchanges for its export is known as
A Terms of trade
B Balance of trade
C Rate of exchange
D Terms of exchange
The staff responsible for the calculations of probability of losses in insurance is the
A Actuary
B Underwriter
C Broker
D Solicitor
Which of the following is not required in the mail order business?
A Warehouse
B Catalogue
C Display room
D Post office
A partnership cannot raise its capital by
A selling shares to the public
B personal contribution of partners
C admission of new partners
D undistributed profits
Who among the following does not render direct service?
A Teachers
B Musicians
C Doctors
D Retailers
Which of the following is classified as an extractive industry ?
A Digging for minerals
B Digging for roads building
C Canning of Tomatoe puree
D Assembling of cars
The ancillary to trade which ensures that people gain access to facts pertaining to goods is
A insurance
B advertising
C warehousing
D banking
Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?
A Pounds and shillings
B Copper manillas
C Iron bars
D Cowries
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