Question 1 of 20 2,221 total questions
Which of the following is sent by a customer who wishes to know the price, quality and terms of sale of a product?
A Quotation
B Letter of Enquiry
C Proforma invoice
D Advice note
An agreement by which a buyer pays instalmentally but does until final settlement is made is?
A hire purchase
B deferred payment
C conditional sale
D features trading
Department store usually?
A offers a wide variety goods
B specialize in selling only household goods
C offer a few line of goods
D sell on cash on delivery basis
In international trade the direct exchange of goods for goods is?
A bilateral trade
B counter trade
C multi lateral trade
D entrepot trade
Which of the following requires acceptance before it can be valid?
A Promissory note
B Bill of exchange
C Letter of credit
D Cheque
A retail outlet meant to sell only a particular manufacturer's product known as a?
A co-operative shop
B chain store
C department store
D tied shop
Which of the following requires acceptances before it can be valid?
A Promissory note
B Bill of exchange
C Letter of credit
D Cheque
The rate at which a country's currency is converted to the currency of another country is known as?
A terms of trade
B terms of payment
C exchange rate
D bank rate
A retail outlet meant to sell only a particular manufacturer's product known as a?
A co-operative shop
B chain store
C department store shop
D tied
Where two or more companies agree to work on a project too large for one of them, this is called?
A consortium
B merger
C combination
D cartel
Detailed information about a public offer of a company's shares is contained in the?
A memorandum of association
B article of association
C letter of enquiry
D prospectus
When shares are sold "EX-DIV" it means that?
A no dividend is paid on the shares
B the buyer receives the dividend
C the seller receives the dividends
D the stock exchange retains the dividend
Which of the following is an internal source of capital to a business concern?
A Trade credit
B Debenture
C overdraft
D Retain profit
Which of the following is an internal source of capital to a business concern?
A Trade credit
B Debenture
C overdraft
D Retain profit
The refund of a duty which had been paid on importation that are later re-exported is known as?
A export tax
B surtax
C customs drawback
D liquidation
An offer by one company to buy up all or greater part of another company's share is known as?
A merger
B take-over bid
C absorption
D liquidation
Which of the following does not lead to the dissolution of a partnership?
A Absence of a deed of partnership
B Withdrawal of a partner
C Incapacity of any of the partners
D Completion of contractual term
Which of the following has no limit to its membership?
A Ordinary partnership
B Private Limited Company
C Limited partnership
D Cooperative society
Which of the following is concerned with actual production of goods and services?
A Commerce
B Trade
C Industry
D Service
Transforming raw materials into finished products is an example of?
A primary production
B secondary production
C tertiary production
D direct service
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