Commerce

Assets of a business which cannot easily be changed into cash are known as?

A. floating capital B. fixed capital C. working capital D. paid-up capital E. current capital Correct Answer: Option B -…

6 years ago

When an assured is unable to honor his obligation in an insurance contract thereby terminating it before maturity he could only receive?

A. indemnity B. the sum insured C. the surrender value D. compensation E. premium Correct Answer: Option C - the…

6 years ago

Which of the following takes the shortest time and is the most accurate means of communication?

A. Telephone B. Express letter C. Recorded delivery D. Airmail letter E. Telegraph Correct Answer: Option A - Telephone

6 years ago

Which of the following is a legal tender ______?

A. Central Bank cheque B. Bank notes C. Bank draft D. Traveller's cheque E. Bill of exchange Correct Answer: Option…

6 years ago

Which of the following conditions may lead to the dissolution of a partnership?

A. Expiry of agreed time B. Termination of venture C. One partner becomes dormant D. Mutual consent of the partners…

6 years ago

A business unit whose membership range from 2 to 20 is a?

A. co-operative society B. partnership C. private limited company D. public limited company E. public enterprise Correct Answer: Option B…

6 years ago

The products that are regularly and easily bought by customers through habit are called?

A. industrial goods B. capital goods C. specialty goods D. giffen goods E. convenience goods Correct Answer: Option D -…

6 years ago

Which of the following is not performed by marketing?

A. Provision of revenue B. Provision of employment C. Export promotion D. Enlargement of the market E. Changing the nature…

6 years ago

Capital owned is synonymous with the?

A. paid-up capital B. working capital C. net worth D. authorized capital E. liquid capital Correct Answer: Option C -…

6 years ago

Business activities that direct the flow of goods and services from the producer to the consumer is?

A. promotion B. advertising C. selling D. marketing E. transportation Correct Answer: Option D - marketing

6 years ago