Commerce

The powers of attorney that transfers to a third party the shareholders right to vote is called?

A. warrant B. shareholder's benefit C. proxy D. bond E. rights issue Correct Answer: Option C - proxy

5 years ago

Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?

A. trade union B. co-operative societies C. trade association D. chamber of commerce E. manufacturers association Correct Answer: Option C…

5 years ago

Which of the following is not required for the dissolution of a partnership?

A. Expiration of partnership deed B. Termination of the venture C. One partner notifying the other of his intention to…

5 years ago

Which of the following is not true of a limited partnership?

A. Every member is a limited partner B. All members are general partners C. All members are limited liability D.…

5 years ago

A partnership is formed for banking business is made up of?

A. 2 - 10 members B. 2 -20members C. 2 - 30 members D. 2 - 40 members E. 2…

5 years ago

The insured is the?

A. insurance company B. insurance company's client C. insurance broker D. insurance agent E. insurance manager Correct Answer: Option B…

5 years ago

Under the law of insurance, exemption causes?

A. enable the insurance to claim on the insurance company B. protect the insurance company under the contract C. guard…

5 years ago

The worth of a life insurance policy be maturity date is known as?

A. principal value B. surrender value C. accumulated value D. prepaid value E. accrued value Correct Answer: Option B -…

5 years ago

Prior to the issue of a certificate on a motor insurance contract, the insured is issued with?

A. a license of insurance B. insurance policy certificate C. a cover note D. a simple receipt E. an invoice…

5 years ago

Which o the following is not an attribute of an effective business manager?

A. Empathy B. Subjectivity C. Altruism D. Objectivity E. self-awareness Correct Answer: Option B - Subjectivity

5 years ago