Commerce

When the government gives up its ownership and control of a business to individuals, this is known as?

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

6 years ago

The exclusive right of an author over his book is?

A. Trademark B. Brand name C. Copyright D. Patent right Correct Answer: Option C C. Copyright

6 years ago

The document in which full details of goods and the ship carrying the goods are contained is known as?

A. bill of exchange B. bill of sight C. certificate of origin D. shipping advice note Correct Answer: Option C…

6 years ago

Throwing cargo overboard in order to save a ship from sinking is?

A. jettison B. abandonment C. piracy D. flotsam Correct Answer: Option A A. jettison

6 years ago

The functions of credit and thrift society does not include?

A. charging low-interest rate on loans B. providing savings facilities C. encouraging mutual co-operation of members D. providing security for…

6 years ago

The abbreviation E & O.E. on an invoice seeks to?

A. draw the attention of the buyer to the contents of the document B. show that there is no error…

6 years ago

Industrial occupation does not involve the?

A. growing and extraction of raw materials B. use of machinery C. construction and manufacturing of goods D. movement of…

6 years ago

The size of the profit of a business is measured by the?

A. closing stock B. opening stock C. total purchases D. rate of turnover Correct Answer: Option D D. rate of…

6 years ago

Which of the following arrangement of documents is the correct sequence as used in the retail trade?

i. Quotation ii. Enquiry iii.Order iv Invoice A. i,ii,iii,iv B. ii,i,iii,iv C. i,iv,iii only D. i,iii,iv only Correct Answer: Option…

6 years ago

An activity involving buying, selling, distribution of goods and services is known as?

A. trade B. marketing mix C. exchange D. commerce Correct Answer: Option D D. commerce

6 years ago