Question 1 of 20 150 total questions
Which of the following is regarded as a document of title in foreign trade?
A consular invoice
B bill of lading
C bill of sight
D certificate of origin
Manufacturers sell directly to consumers when they
A want to make profit
B wish to eliminate all transport costs
C live far away from them
D deal in perishable goods
Which of the following distinguishes supermarkets from other retail outlets
A use of self-service
B standard shop fronts
C sale of food items and household goods
D provision of parking spaces and delivery services
Which of the following makes sales possible without a sales attendant ?
A telex machine
B fax machine
C vending machine
D franking machine
A very effective way of resisting the producer's exploitation is to
A ban the producer
B campaign against the company
C form consumer's association
D form a trade union
Which of the following is a duty of the Employers Association?
A procuring raw materials at regular intervals
B establishing a uniform wage scale
C negotiating with the government on sites for firms
D discharging workers when production is low
Dividend is always expressed as a percentage of total
A earnings of a business
B value of shares owned
C working capital
D volume of business
The working capital of a firm is calculated as
A current assets minus current liabilities
B current liabilities minus fixed assets
C value of all assets
D value of issued capital
An increase in the volume of sales is also an increase in
A profit
B turnover
C fixed assets
D owner's equity
A private company's ability to raise capital is limited because
A its borrowing powers are limited
B membership does not exceed 50
C shares cannot be made public
D of limited collateral security
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is
A horizontal integration
B vertical integration
C lateral integration
D joint venture
A business becomes a separate legal entity after it has
A started operation
B been incorporated
C been insured
D been accepted by the public
In which of the following business units are profits shared on the basis of membership patronage?
A public enterprise
B partnership
C co-operative society
D public limited liability company
The main aim of credit and thrift societies is to
A settle disputes among members
B educate their members
C secure loans for members
D encourage savings among members
Risks in business are borne by the
A consumer
B entrepreneur
C marketing manager
D personnel manager
The divisions of production are
A industry,banking and services
B industry,manufacturing and services
C industry,commerce and services
D industry, commerce and services
Any activity that changes raw materials into consumer or industrial goods is
A Constructive
B assembling
C extractive
D manufacturing
Which of the following is not a function of commerce
A advertising goods
B creation of goods
C increasing profit made
D distribution of goods
Which of the following is not a function of commerce?
A advertising goods
B creation of goods
C increasing profit made
D distribution of goods
Which of the following is not a function of commerce?
A advertising goods
B creation of goods
C increasing profit made
D distribution of goods
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