One of the disadvantages of a sole proprietorship is?
A. secrecy of annual reports B. pride of ownership C. limited liability D. unlimited liability Correct Answer: Option D – unlimited liability
A partnership is dissolved when?
A. the business suffers a loss B. there is bankruptcy C. there is consistent theft D. there is misunderstanding between partners Correct Answer: Option B – there is bankruptcy
In CIF contracts; risk passes at the time of shipment but the property does not pass until?
A. there is physical transfer of goods B. the shipping manifest are signed C. the shipping documents are transferred D. the goods on board are delivered Correct Answer: Option B – the shipping manifest are signed
The necessary documents used in foreign trade are?
A. bill of lading, invoice and letter of inquiry B. indent, bill of exchange, bill of lading and voice C. voice, shipping note, bill of lading and freight note D. shipping note, certificate of origin and visible exports Correct Answer: Option C – voice, shipping...
The availability of goods and services is brought to the notice of customers through?
A. personal selling B. public relations C. the telephone D. advertising Correct Answer: Option D – advertisingProducts
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