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A document that instructs an agent to buy goods from a named firm is?

A. proforma invoice B. open indent C. consular invoice D. closed indent Correct Answer: Option D - closed indent

3 years ago

One of the functions of commercial banks that cannot be performed by central banks is?

A. collection of old notes B. collection of deposits from the public C. issurance of treasury bills D. printing of…

3 years ago

A country’s visible balance of payment is made up of?

A. interest on loans to foreign countries B. profit from investment abroad C. earnings from goods exported D. dividend earned…

3 years ago

The quality of money which makes it possible to buy goods in small quantities is

A. portability B. homogeneity C. divisibility D. durability Correct Answer: Option C - divisibility

3 years ago

A retail store that sells a single product from a particular manufacturer is a?

A. tied shop B. shopping mall C. hypermarket D. chain store Correct Answer: Option D - chain store

3 years ago

A partner who contributes only his name to the formation of a partnership is?

A. a nominal partner B. a limited partner C. a general partner D. an active partner Correct Answer: Option A…

3 years ago

Which of the following groups would advocate for the supply of constant electricity to households?

A. consumers' association B. credit union C. Employers' association D. Labour union Correct Answer: Option A - consumers' association

3 years ago

Calculate the gross profit _____?

# Sales 50,000.00 Debtors 10,000.00 Cash-in-hand 5,000.00 Opening stock 30,000.00 Creditors 8,000.00 Purchases 16,000.00 Overdraft 12,000.00 Closing stock 10,000.00  …

3 years ago

Calculate the working capital?

# Sales 50,000.00 Debtors 10,000.00 Cash-in-hand 5,000.00 Opening stock 30,000.00 Creditors 8,000.00 Purchases 16,000.00 Overdraft 12,000.00 Closing stock 10,000.00  …

3 years ago

An internal source of finance to an entrepreneur is?

A. trade credit B. retained earning C. overdraft D. debenture Correct Answer: Option B - retained earning

3 years ago