Commerce

Lack of permanent record for the message receiver is a disadvantage of?

A. television B. direct mail C. cataloque D. magazine Correct Answer: Option A A. television Explanation Television doesn't have a…

6 years ago

An economy policy which encourages government ownership of business is called?

A. privatization B. nationalization C. indigenization D. commercialization Correct Answer: Option B B. nationalization Explanation Nationalization is the process of…

6 years ago

In a law of contract, a counter offer operates as?

A. an acceptance B. a consensus C. a rejection D. a contract Correct Answer: Option C C. a rejection Explanation…

6 years ago

Which of the following legislation aims primarily at protection of consumers?

A. law of contract B. trade description act C. company's act D. partnership act Correct Answer: Option B B. trade…

6 years ago

The organized efforts of consumers to protect themselves against the unfair practices of businessmen is?

A. strike B. consumerism C. picketing D. demonstration Correct Answer: Option B B. consumerism Explanation Consumerism is a modern movement…

6 years ago

The main concern of commerce is?

A. create wealth B. buy and sell goods and services C. exchange and distribution of goods and services D. satisfy…

6 years ago

Which of the following is an example of life insurance?

A. third-party policy B. comprehensive policy C. fidelity guaranteed policy D. endowment policy Correct Answer: Option D D. endowment policy…

6 years ago

Another name for a dishonoured cheque is?

A. an order cheque B. a bounced cheque C. a bearer cheque D. an open cheque Correct Answer: Option B…

6 years ago

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

A. hedging B. projection C. forecasting D. speculation Correct Answer: Option D D. speculation Explanation Speculation refers to the act…

6 years ago

Where a number of insurance companies are liable under one policy, the principle applicable is?

A. subrogation B. contribution C. indemnity D. utmost good faith Correct Answer: Option B B. contribution Explanation The contribution principle…

6 years ago