Commerce

Which of the following is a problem facing mail order business?

A. Expensive shop fronts B. cost of postage and advertisement C. Commission to agents D. Increase in branded goods E.…

5 years ago

Retail outlets which sell from specialized vans are?

A. supermarkets B. multiple shops C. mail order firms D. department stores E. mobile shops Correct Answer: Option E -…

5 years ago

A group of firms that produce similar goods or services is called?

A. an industry B. a trade association C. a cartel D. a holding company E. an amalgam Correct Answer: Option…

5 years ago

Which of the following is not performed by the shipping and forwarding agents?

A. Reservation of shipping space B. Collection of payment from the importer C. Collection of goods from the factory D.…

5 years ago

The rate at which one country’s products are exchanged for the products of another is?

A. balance of trade B. balance on current account C. terms of trade D. balance of payments E. foreign exchange…

5 years ago

The agreed amount payable to a policy holder when the event insured against occurs is?

A. surrender value B. sum assured C. indemnity D. insurable interest E. endowment Correct Answer: Option B - sum assured

5 years ago

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

A. bonus issue B. private placing C. offer for sale D. rights issue E. issue by prospectus Correct Answer: Option…

5 years ago

Which of the following is an example of extractive industry?

A. Sewing dresses B. Constructing bridges C. Baking bread D. Assembling iron rods E. Digging for precious stones Correct Answer:…

5 years ago

Which of the following is not the objective of the Consumer Association? To

A. ensure that fair prices are charged B. educate consumers on their rights C. prevent fake goods from entering the…

5 years ago

The process of taking over private business by government is known as?

A. naturalization B. nationalization C. privatization D. commercialization E. indigenization Correct Answer: Option B - nationalization

5 years ago