Commerce

Which of the following functions is not performed by retailers?

A. Breaking bulk B. Ensuring regular stock for consumers C. Branding and packaging D. Insuring goods for customers E. Storing…

6 years ago

The process of involving local businessmen in the ownership and control of businesses that were formerly owned by foreigners is called?

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

6 years ago

Which of the following stresses the use of only specialists to head departments?

A. Committee organization structure B. Line organization structure C. line and staff organization structure D. Functional organization structure E. Centralization…

6 years ago

An insurance company shares its accepted risk with others in the form of?

A. reinsurance B. subrogation C. mutual insurance D. fidelity guarantee insurance E. contribution Correct Answer: Option A - reinsurance

6 years ago

Which of the following is not a credit instrument used in business transactions?

A. Luncheon voucher B. Bill of exchange C. Promissory note D. Bank note E. Fuel voucher Correct Answer: Option E…

6 years ago

Containers are suitable for transporting goods by?

A. sea only B. road only C. sea and rail only D. road and sea only E. road, sea, and…

6 years ago

The primary purpose of credit cards is to?

A. obtain goods without paying cash on the spot B. obtain a loan from the bank C. obtain a loan…

6 years ago

Industrial, commercial and direct services are branches of?

A. manufacturing B. occupation C. exchange D. distribution E. specialization Correct Answer: Option B - occupation

6 years ago

When a company buys up firms supplying it with raw materials, this is an example of?

A. horizontal integration B. a holding company C. backward integration D. consortium E. lateral merger Correct Answer: Option C - backward integration

6 years ago

Which of the following is used to transmit typed messages over long distances?

A. Dictaphone B. Teleprinter C. Computer D. Telephone E. Radio Correct Answer: Option B - Teleprinter

6 years ago