Question 1 of 20 2,221 total questions
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
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
The taken over by government of enterprises formerly owned by private person is referred to as?
A privatization
B nationalization
C commercialization
D indigenization
In a law of contract, what is given in exchange for a promise to perform is?
A offer
B acceptance
C consideration
D warranty
Which of the following is not concerned about consumer protection?
A Foods and Drugs Act
B Trade Descriptions Act
C Price control Act
D General Agreement on Traiffs and Trade
A void contract is one that?
A is enforceable
B has no maturity
C has no legal effect
D is discharged
Market skimming is an example of?
A is enforceable
B has no maturity
C has no legal effect
D is discharged
Activities undertaken to create awareness for a product by giving out samples premium or conducting contest are known a?
A marketing mix
B marketing concept
C consumerism
D sales promotion
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