Commerce

A business that is independent of its owners is a?

A. sole proprietorship B. partnership C. limited liability company D. co-operative society Correct Answer: Option C C. limited liability company

6 years ago

The document which gives legal authority to a company to operate as a legal entity is?

A. Memorandum of Association B. Article of Association C. Share Certificate D. Certificate of Incorporation Correct Answer: Option D D.…

6 years ago

Which of the following is mostly used by a mail-order business to sell goods?

A. Posters cC. Journals D. Magazines Correct Answer: Option B B. Catalogues Explanation Mail-order business, also called direct-mail marketing, method…

6 years ago

A refund of the duty collected on goods imported into a country which are later re-exported is called?

A. excise duty B. ad valorem tax C. customs drawback D. demurrage Correct Answer: Option C C. customs drawback

6 years ago

Okoni and Co. law chamber is an example of a?

A. sole proprietorship B. partnership C. co-operative society D. public limited company Correct Answer: Option B B. partnership

6 years ago

A firm that accepts, sells and delivers goods by post is a?

A. supermarket B. multiple store C. department store D. mail-order business Correct Answer: Option D D. mail-order business

6 years ago

Which of the following cannot be used to regulate importation?

A. Import quota B. Import license C. Imposition of embargo D. Increase of excise duty Correct Answer: Option D D.…

6 years ago

The relationship between partners is stipulated in the?

A. Memorandum of Association B. Article of Association C. Partnership Deed D. Certificate of Incorporation Correct Answer: Option C C.…

6 years ago

The buying and selling of goods and services within a country is called?

A. counter trade B. entrepot trade C. foreign trade D. home trade Correct Answer: Option D D. home trade

6 years ago

Which of the following services is not offered to retailers by wholesalers?

A. Keeping them informed of the demands of consumers B. Keeping them informed of new products C. Offering a wide…

6 years ago