Commerce

Which of the following is the fastest means of sending a document from one place to another?

A. Facsimile B. Courier service C. Express mail D. Registered mail Correct Answer: Option B - Courier service

6 years ago

One advantage of communication by telephone is?

A. the conversation can be very short B. it is less expensive C. feedback is instantaneous D. the conversation is…

6 years ago

Which of the following qualities of money is generally undermined by inflation?

A. Stability B. Scarcity C. Durability D. Portability Correct Answer: Option A - Stability

6 years ago

The counterfoil of a cheque book enables the drawer to?

A. request for a new cheque book B. reconcile his book of accounts C. know who the debtors are D.…

6 years ago

If a company is described as “listed” it means?

A. its shares can be traded on the stock exchange B. It is about to be voluntarily liquidated C. it…

6 years ago

Notes and coins are legal tender because they are?

A. printed by the Central Bank B. backed by law C. backed by gold D. issued by all banks Correct…

6 years ago

Insurance is necessary because of the need to?

A. pool resources together B. meet uncertainties in future C. make profit D. lend money to individuals Correct Answer: Option…

6 years ago

Government can borrow money from the public through?

A. the issuing of treasury bills B. increasing taxation C. increasing the lending rate D. establishing more banks Correct Answer:…

6 years ago

Trade discount is given to the buyer for?

A. prompt payment B. credit purchase C. cash purchase D. retailer's mark-up Correct Answer: Option D - retailer's mark-up

6 years ago

Status enquiry is necessary when?

A. goods are ordered from a mail-order firm B. money is withdrawn from a fixed deposit account C. granting credit…

6 years ago