Commerce

A factor necessary for siting a warehouse is nearness to?

A. raw materials B. labour C. capital D. consumers Correct Answer: Option D - consumers

4 years ago

Warehousing is a productive function because it increase the

A. quantity of goods B. utility of goods C. quality of goods D. price of goods Correct Answer: Option A…

4 years ago

Bank Giro is a method of settling debt from a?

A. customer to a bank B. bank to customer C. customer to another D. bank to another Correct Answer: Option…

4 years ago

If Mr. Bacus fulfills his promise; he will be entitled to a cash discount of?

Mr. Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount…

4 years ago

The trade discount receivable by Mr. Bacus is?

Mr. Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount…

4 years ago

The major procedures in the purchase and sale of goods are enquiry?

A. quotation, order and invoice B. placement, order and invoice C. bargain, order and invoice D. order, sale, and invoice…

4 years ago

The balance of payments of countries is?

A. a record of imports and export B. a systematic record of transaction among countries at a given time C.…

4 years ago

The merchant wholesaler is referred to as?

A. del-credere agent B. a broker C. rack jobber D. a factor Correct Answer: Option A - del-credere agent

4 years ago

One of the reasons why wholesaling must continue is that?

A. the tax paid by wholesalers on their profit enhances national revenue B. by creating artificial scarcity, the wholesaler is…

4 years ago

The difference between total current assets and total current liabilities of a business is known as

A. quick ratio B. liquidity ratio C. working capital D. circulating capital Correct Answer: Option C - working capital

4 years ago