Commerce

Which of the following is a feature of sole proprietorship?

A. Legal entity B. Unlimited liability C. Limited liability D. Continuity Correct Answer: Option B B. Unlimited liability

6 years ago

Which of the following would be used when goods are sent through independent carriers?

A. Delivery note B. Despatch note C. Consignment note D. Advice note Correct Answer: Option C C. Consignment note

6 years ago

The rate of turnover is the number of times within a given period that?

A. stock is sold and replaced B. closing stock is sold and replaced C. purchases are added to stock D.…

6 years ago

The taking over of privately owned businesses by the government is called?

A. indigenization B. commercialization C. nationalization D. privatization Correct Answer: Option C C. nationalization

6 years ago

The authority given to a bank to make regular payments on behalf of a customer is?

A. credit transfer B. bank endorsement C. standing order D. bank overdraft Correct Answer: Option C C. standing order

6 years ago

When an order cheque is endorsed it becomes a?

A. confirmed cheque B. bearer cheque C. dishonoured cheque D. cleared cheque Correct Answer: Option B B. bearer cheque

6 years ago

A stale cheque is one on which the date for payment is?

A. overdue B. yet to come C. missing D. due Correct Answer: Option A A. overdue

6 years ago

Which of the following is not a contract of indemnity?

A. Marine insurance B. Fire insurance C. Life Assurance D. Burglary insurance Correct Answer: Option C C. Life Assurance

6 years ago

Life assurance premium is determined by the assured’s?

A. educational level B. age C. reputation D. number of children Correct Answer: Option B B. age

6 years ago

Retail outlets that have identical store design, layout and stock display are?

A. multiple shops B. tied shops C. mobile shops D. supermarkets Correct Answer: Option B B. tied shops

6 years ago