Commerce

To take an insurance policy, an applicant must first complete a/an?

A. proposal form B. cover note C. certificate of insurance D. advice note Correct Answer: Option A A. proposal form

6 years ago

Which of the following price quotations requires the buyer to take delivery at the manufacturer’s warehouse?

A. Ex-works B. F.O.R C. F.O.B D. D.F.A.S Correct Answer: Option A A. Ex-works

6 years ago

The insurance principle of indemnity does not apply to?

A. fire insurance B. life assurance C. burglary insurance D. marine insurance Correct Answer: Option B B. life assurance

6 years ago

The ancillary to trade which ensures that people have access to information pertaining to goods is?

A. insurance B. advertising C. warehousing D. banking Correct Answer: Option B B. advertising

6 years ago

A term which describes the value of business connections made by a company over the years is known as?

A. patent B. copyright C. goodwill D. trademark Correct Answer: Option C C. goodwill

6 years ago

A person who undertakes responsibility for forming a new company is?

A. auditor B. solicitor C. registrar D. promoter Correct Answer: Option C C. registrar

6 years ago

The process of winding up a public limited company by court order is known as?

A. termination B. dissolution C. voluntary liquidation D. compulsory liquidation Correct Answer: Option D D. compulsory liquidation

6 years ago

A country is said to achieve a trade surplus when total?

A. visible exports exceed total visible imports B. invisible exports exceed total invisible imports C. visible exports exceed total invisible…

6 years ago

A physical restriction placed on the quantity of goods that can be imported is?

A. a ban B. a quota C. an excise duty D. an import tax Correct Answer: Option B B. a…

6 years ago

Direct sales to consumers by manufacturers is a means of eliminating?

A. wholesalers only B. retailers only C. middlemen D. agents Correct Answer: Option C C. middlemen

6 years ago