Commerce

A professional in insurance who evaluates the level of loss claims is?

A. adjuster B. accessor C. underwriter D. an actuary Correct Answer: Option D D. an actuary Explanation An actuary is…

6 years ago

An extra commission paid to an agent who guarantees credit sales made by him is?

A. del credere B. guarantors fee C. jobber's turn D. brokerage Correct Answer: Option A A. del credere Explanation A…

6 years ago

The practice of giving a particular name to a product by a manufacturer is?

A. branding B. standardization C. publicity D. advertising Correct Answer: Option A A. branding Explanation Branding is the process of…

6 years ago

A distinctive symbol, title or design that readily identifies the company and its products is?

A. patent right B. trademark C. trade name D. brand name Correct Answer: Option D D. brand name Explanation A…

6 years ago

The process of converting a non-profit-making organization to a profit-making business is?

A. indigenization B. privatization C. deregulation D. commercialization Correct Answer: Option B B. privatization Explanation The transfer of ownership, property…

6 years ago

Production ends when goods and services?

A. reach the final user B. are used for manufacturing C. are packed and labelled D. are sold to the…

6 years ago

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

A. economic responsibility B. marketing responsibility C. social responsibility D. managerial responsibility Correct Answer: Option C C. social responsibility Explanation…

6 years ago

A general tax which applies at each point of exchange of goods and service is?

A. a specific tax B. an ad valorem tax C. value-added tax D. direct tax Correct Answer: Option C C.…

6 years ago

A person or firm to whom money is owed is?

A. banker B. guarantor C. debtor D. creditor Correct Answer: Option D D. creditor Explanation A creditor is a party…

6 years ago

Which of the following person is a part of a business internal environment?

A. employee B. supplier C. creditor D. customer Correct Answer: Option A A. employee Explanation The Internal Environment. An organization's…

6 years ago