Commerce

The selling of goods in small units is normally performed by?

A. chambers of commerce B. wholesalers C. distributors D. retailers Correct Answer: Option D D. retailers

6 years ago

A tariff refers to?

A. fees imposed on contraband goods B. fees paid on exports C. taxes imposed on imported goods D. taxes paid…

6 years ago

Ad valorem duties are based on the?

A. importance of the goods imported B. value of the goods imported C. weight of the goods imported D. nature…

6 years ago

Which of the following is not a function of warehousing?

A. Creating security of goods B. Stabilization of price C. Production ahead of demand D. Storage of goods Correct Answer:…

6 years ago

A person’s deliberate decision to reduce the value of her currency is called?

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

6 years ago

Which of the following is an advantage of a sole trader?

A. Guaranteed profit B. Quick decision-making C. Unlimited liability D. Buying on credit Correct Answer: Option B B. Quick decision-making

6 years ago

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by?

A. fixed capital B. capital employed C. paid-up capital D. working capital Correct Answer: Option D D. working capital

6 years ago

Public enterprises are financed mainly by?

A. the shareholders B. commercial banks C. government grants D. mortgage banks Correct Answer: Option C C. government grants

6 years ago

The difference between current assets and current liabilities is?

A. Issued capital B. capital employed C. working capital D. nominal capital Correct Answer: Option C C. working capital

6 years ago

A personal computer on sale in an office equipment shop is an example of?

A. stock B. fixed asset C. liability D. fixed capital Correct Answer: Option A A. stock

6 years ago