Commerce

The throwing of goods overboard to prevent a ship from sinking is known as?

A. flotsam B. abandonment C. jettison D. particular average Correct Answer: Option C C. jettison Explanation Jettison: throw or drop…

6 years ago

Buildings and machinery purchased for use in business are examples of?

A. current assets B. fixed assets C. capital employed D. paid up capital Correct Answer: Option B B. fixed assets

6 years ago

Small-scale retailers continue to exist in spite of the dominance of large firms because they?

A. render personal service B. employ few salesmen C. can raise large capital from relatives D. deal in specific goods…

6 years ago

The target of all marketing activities is the ______?

A. consumer B. middleman C. producer D. distributor Correct Answer: Option A A. consumer

6 years ago

Consumer protection council places an obligation on producers to ensure that their products?

A. are wholesome and safe B. are cheap C. do not evade customs examination D. are branded Correct Answer: Option…

6 years ago

A principal member of the stock exchange who buys and sells securities on his own is a?

A. jobber B. promoter C. broker D. speculator Correct Answer: Option A A. jobber Explanation A jobber is a principal…

6 years ago

The central bank sometimes calls for special deposits from the commercial banks in order to?

A. reduce bank lending B. increase bank lending C. withdraw defaced currencies D. issue notes and coins Correct Answer: Option…

6 years ago

Debentures which are secured by the fixed assets of a company are called?

A. Mortgaged Debenture B. Naked Debenture C. Redeemable debenture D. irredeemable Debentures Correct Answer: Option C C. Redeemable debenture

6 years ago

An individual or company that engages in the transportation of any type of goods for a fee is called a?

A. common carrier B. hawker C. porter D. clearing agent Correct Answer: Option A A. common carrier

6 years ago

Which of the following is a function of marketing department in a firm?

A. Add value to goods and services B. Protect those who engage in business transactions C. initiate general policies in…

6 years ago