Commerce

Which of the following is not a feature of a sole trader?

A. quick decision making B. Guaranteed profits C. Unlimited liability D. Bearing losses alone Correct Answer: Option B B. Guaranteed…

6 years ago

The difference between the cost of goods sold and the sales value is known as?

A. net profit B. net loss C. gross profit or loss D. surplus Correct Answer: Option C C. gross profit…

6 years ago

Which of the following arranges for the conveyance of goods abroad?

A. Ports Authority B. Customs and Excise Authority C. Airports Authority D. Export Promotion Council Correct Answer: Option D D.…

6 years ago

Which of the following retail outlets is described as selling without shops?

A. Multiple stores B. Supermarket C. Mail-order business D. Department stores Correct Answer: Option C C. Mail-order business

6 years ago

Commercial banks usually settle their interbank indebtedness through the?

A. money market B. clearing house C. discount house D. stock exchange Correct Answer: Option B B. clearing house

6 years ago

The term “utmost good faith” in insurance requires that the insured must?

A. make profit from any loss suffered B. receive his compensation fully in the event of loss C. disclose all…

6 years ago

Which of the following is the main purpose of a third party insurance? To

A. indemnify an injured outsider B. indemnify the insured C. protect the vehicle against theft D. compensate the driver for…

6 years ago

The reduction in the value of a country’s currency in relation to other country’s currencies is?

A. devaluation B. inflation C. deregulation D. fluctuation Correct Answer: Option A A. devaluation

6 years ago

Any activity aimed at finding out the wants of consumers and supplying them at a profit is referred to as?

A. promotion B. marketing C. segmentation D. penetration Correct Answer: Option B B. marketing

6 years ago

Which of the following is not reason for nationalization?

A. Encouraging foreign investors B. Reducing the remittance of profits abroad C. Training local entrepreneurs D. Controlling the country's key…

6 years ago