Commerce

Which of the following is not included in the Memorandum of Association?

A. Winding up procedure B. Objectives of the company C. Address of the registered office D. Amount of capital E.…

6 years ago

A partner who does not play an active role in a business but contributes capital is a?

A. secret partner B. dormant partner C. nominal partner D. limited partner E. general partner Correct Answer: Option B -…

6 years ago

A document signed by a customs officer of the exporting country to confirm the country of export of the goods is?

A. an export invoice B. a consular invoice C. a certificate of origin D. a letter of hypothecation E. a…

6 years ago

An agreement that is enforceable in law is called?

A. a contract B. an offer C. an acceptance D. a consideration E. an injunction Correct Answer: Option A -…

6 years ago

Which of the following is a disadvantage of foreign trade?

A. Encourages dumping B. Makes available the products that a country cannot produce C. Widens the world market D. Encourages…

6 years ago

Which of the following is a direct service?

A. Banking B. Teaching C. Advertising D. Fishing E. Warehousing Correct Answer: Option B - Teaching

6 years ago

Which of the following activities makes the consumer its focus in decision making?

A. Selling concept B. Marketing concept C. Product concept D. Production concept E. Market research Correct Answer: Option B -…

6 years ago

Which of the following is an advantage of personal selling?

A. Immediate feedback B. Low cost C. Self-service D. Speedy market coverage E. Selling to many people at a time…

6 years ago

Which of the following is not an element of a contract?

A. Consideration B. Probability C. Legality D. Capacity E. Consensus Correct Answer: Option B - Probability

6 years ago

Which of the following is suitable for transporting fish a long distance?

A. Tramp B. Cargo liner C. Tanker D. Barge E. Refrigerated ship Correct Answer: Option E - Refrigerated ship

6 years ago