Commerce

A retailer’s mark-up is his?

A. total cost less total sales B. total sales less total returns C. gross profit less expenses D. sales dividend…

6 years ago

When a Public Limited Company is incorporated it means that?

A. it is entitled to commence business B. It has been given certificate of trading C. It has a legal…

6 years ago

The aspect of management which ensures that there is no deviation from the set standards is called?

A. controlling B. planning C. commanding D. organizing E. directing Correct Answer: Option A - controlling

6 years ago

An established pattern of relationships among members of an organization is known as?

A. organizational behaviour B. organizational structure C. organizational manual D. organizational climate E. span of control Correct Answer: Option A…

6 years ago

Span of control is defined as the?

A. authority of the supervisor B. qualification possessed by the supervisor C. number of staff in the organization D. number…

6 years ago

Which of the following government legislation is not aimed at consumer protection?

A. Taxation Law B. Sales of Goods Act C. Food and Drugs Act D. Standards Organization Act E. Price Control…

6 years ago

Self-service, mail order and automatic vending are examples of?

A. marketing mix B. sales promotion C. public relations D. selling techniques E. personal selling Correct Answer: Option D -…

6 years ago

In which of the following do the goods become the property of the buyer on the payment of first installment?

A. Hire-purchase B. Deferred payment C. Leasehold D. Cash with order E. Forward trading Correct Answer: Option B - Deferred…

6 years ago

Which of the following is a disadvantage of credit transaction?

A. increases turnover B. facilitates the sale of durable goods C. encourages the habit of saving D. encourages bad debt…

6 years ago

One of the characteristics of a debenture is that?

A. it yields a fixed rate of dividends B. it has no redemption date C. it yields a fixed rate…

6 years ago