Commerce

A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?

A. wholesalers' association B. consumers association C. government agency D. workers' union Correct Answer: Option B - consumers association

4 years ago

The financial instrument that entitles the holder to receive dividend and capital gains is a?

A. share B. bond C. bill of exchange D. treasury bill Correct Answer: Option A - share

4 years ago

The type of partnership in which all partners are jointly liable in bearing risk is?

A. limited partnership B. partnership-at-will C. ordinary partnership D. industrial partnership Correct Answer: Option C - ordinary partnership

4 years ago

Partnerships are most effective where?

A. the partners are family friends B. professionals are involved C. members can easily raise enough capital D. government regulations…

4 years ago

Warehousing is important to manufacturers because it helps to?

A. improve the quality of goods B. produce goods in advance C. meet the demand of customers D. determine input…

4 years ago

One major advantage of transportation to a business is to?

A. extend the firm's market coverage B. ensure that goods are produced faster C. procure raw materials cheaply D. ensure…

4 years ago

The most important reason for the existence of insurance business is to?

A. prevent the occurrence of any loss B. spread losses to all covered participants C. provide for the replacement of…

4 years ago

A risk that can be estimated and calculated to be compensation is?

A. a delivery risk B. an insurable risk C. a credit risk D. a systematic risk Correct Answer: Option B…

4 years ago

The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?

A. contribution B. subrogation C. promiate cause D. utmost good faith Correct Answer: Option B - subrogation

4 years ago