Question 1 of 20 2,221 total questions
Which of the following is the primary purpose of a business concern? To
A make maximum profit for itself and the share holders
B provide goods and services to customers at a profit for itself and shareholders
C supply essential commodities at a profit
D make a goods and services available to the poor at a profit
E ensure even development of a country
The provision of all kinds of services is related to?
A primary production
B secondary production
C territorial production
D construction
E tertiary production
When payments is required for goods at the time order is placed, the term of payment quoted is?
A C.O.D
B C.W.O
C C.I.F
D F.O.R
E F.O.B
Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?
A Department store
B Supermarket
C Mobile shop
D Wholesale stores
E Stall holder
A group of retailing shops under one management and selling then same products is known as?
A multiple shop
B supermarket
C department stores
D variety store
E unit shop
A group of retailing shops under one management and selling then same products is known as?
A multiple shop
B supermarket
C department stores
D variety store
E unit shop
Which of the following is an investor earns profit on the basis of his patronage?
A debenture holder
B partner
C sole proprietor
D co-operative member
E shareholder
Which of the following is an investor earns profit on the basis of his patronage?
A debenture holder
B partner
C sole proprietor
D co-operative member
E shareholder
Which of the following is not true of a sole proprietorship?
A It has a separate legal entity
B It has unlimited liability
C It has a slim chances of expansion
D The capital is small
E It can convert into a company
Into which of the following two broad areas can trade be divided?
A home and foreign trade
B home and retail trade
C wholesale and retail trade
D foreign and wholesale trade
E import and exports
The three main division of production are?
A extraction, manufacturing and construction
B import, export and entrepot
C industry, commerce and direct service
D industry, trade and direct service
Division of labour is limited by?
A non-availability of special skills
B the problem of mass production
C the extent of supply
D the extent of the market
E non-availability of money
The relationship between a country's total receipts and payments in international trade in a given year is called?
A balance of trade
B balance of payments
C terms of trade
D balance of current account
E balance on capital account
The marketing concept which begins and ends satisfying the needs and wants of the consumer is called?
A caveat venditor
B consumer orientation
C consumer association
D consumer protection
E caveat emptor
The form of advertising which aims at wining the market for one particular brand is known as?
A informative advertisement
B generic advertisement
C persuasive advertisement
D competitive advertisement
E direct advertisement
The outright purchase of one company by another is called?
A absorption
B merger
C cartel
D acquisition
E privatization
The reward of land as a factor of production is known as?
A interest
B rent
C profit
D wages
E toll
The reward of land as a factor of production is known as?
A interest
B rent
C profit
D wages
E toll
An agreement whereby the seller transfers the title to goods at a price is called?
A contract of sale
B a hire-purchase agreement
C an agency agreement
D a contract of carriage of goods
E haggling
Who is liable for the contact entered into by the agent on behalf of his principal? The
A agent
B principal
C agent and the principal
D third party
E lawyer who drew up the agreement
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