Question 1 of 20 2,221 total questions
Which of the following brings a public corporation into existence
A Certificate of Incorporation
B Certificate of trading
C Acts of Parliament
D Registeration
E Prospectus
A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as
A credit sale
B conditional sale
C hire purchase
D trade-in-sale
E leasing
A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by
A estoppel
B necessity
C ratification
D conduct
E appointment
A mercantile agent having title to goods in his possession is known as
A factor
B broker
C jobber
D auctioneer
E stag
When an acceptance to an offer is conditional, the offer becomes
A accepted
B a counter offer
C valid
D void
E frustrated
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
A offeror
B offeree
C acceptor
D guarantor
E surety
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
A an offer
B an acceptance
C a consideration
D a warranty
E a security
When a firm sets a low price for new product, this is said to be
A market swimming
B competitive pricing
C penetration pricing
D loss leader pricing
E target pricing
Which of the following s a form of public relations?
A Feature articles
B Window display
C Catalogue
D Transportation and delivery services
E Personal selling
Which of the following is a demerit of advertising?
A Increases per-unit cost of goods
B Leads to increased profit for producers
C Provides information for customers
D Reduces per-unit cost of goods
E Increases competiton among producers
Business activities responsible for identifying, anticipating and satisfying customer's requirements profitably are called
A advertising
B public relations
C marketing
D sales promotion
E sales management
Contraband goods seized by the Customs and Excise Authority are kept in the
A ordinary warehouse
B bonded warehouse
C public auctioneer's store
D state warehouse
E private warehouse
Which of the following defines communication in commerce?
A Movement of files
B Transmission of information
C Movement of people
D Storing of information
E Distribution of newspaper
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
A Franking machine
B Business reply service
C Mail transfer
D Post restante
E Private mail bag
Speed is an important consideration for choice of a means of transport where goods are
A bulky
B inferior
C fragile
D perishable
E durable
Gases are best transported
A through canals
B by sea
C by air
D through pipelines
E by rail
Which of the following would best be conveyed by rail transport
A Bread
B Shoes
C Potatoes
D Tomatoes
E Oranges
Small ships which are used to carry goods and passengers across rivers or canals called
A tramps
B coasters
C tankers
D liners
E ferries
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed
A Circulation capital
B working capital
C fictitious capital
D fixed capital
E capital owned
Cash-in-hand and at bank as well as debtors are examples of
A current assets
B fixed assets
C capital owned
D capital employed
E working capital
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