Commerce

Which of the following is a reason for failure of public corporations?

A. legal requirement B. inadequate funding C. political stability D. lack of competition Correct Answer: Option B B. inadequate funding…

6 years ago

A tax charged in proportion to the value of imported goods is?

A. specific duty B. ad valorem C. custom duty D. excise duty Correct Answer: Option B B. ad valorem Explanation…

6 years ago

Which of the following is a disadvantage of retailing?

A. selling on credit B. lower prices of goods C. selling in smaller quantities D. located at convenient places Correct…

6 years ago

A private limited liability company differs from a public limited liability because it?

A. does not issue its shares to the public B. as a separate entity C. has many directors D. is…

6 years ago

The study to discover consumers’ preferences and needs is called?

A. market segmentation B. consumer orientation C. market research D. market mix Correct Answer: Option C C. market research Explanation…

6 years ago

Which of the following is a disadvantage of foreign trade?

A. it encourages dumping B. it widens the world market C. it encourages specialization D. it provides varieties of goods…

6 years ago

All activities aimed at the creation of a good image for an organization are referred to as?

A. market segmentation B. market research C. public relation D. consumer orientation Correct Answer: Option C C. public relation Explanation…

6 years ago

When two insurers are liable under a given common policy, the principle of insurance that applies is?

A. indemnity B. subrogation C. proximate clause D. contribution Correct Answer: Option D D. contribution Explanation The principle holding that…

6 years ago

Equity interest in a company is represented by?

A. preference shares B. dividend C. debenture D. ordinary shares Correct Answer: Option D D. ordinary shares Explanation Ordinary shares:…

6 years ago

Which of the following is used for making payments to many people in a single cheque?

A. debit transfer B. certified cheque C. bank draft D. credit transfer Correct Answer: Option C C. bank draft Explanation…

6 years ago