Commerce

Which of the following is the best method for computing working capital?

A. Total assets less current liabilities B. Current liabilities less current assets C. Fixed liabilities less current assets D. Current…

5 years ago

One of the factors of determining the volume of production is?

A. availability of forex B. availability of storage facilities C. the location of the business D. the number of skilled…

5 years ago

One of the functions of the retailer is?

A. granting credit facilities to close relatives B. provision of after-sales services C. branding and packaging of goods D. warehousing…

5 years ago

Which of the following is a traditional medium of communication used to mark festivals?

A. Palm frond B. Metal gong C. Talking drum D. Gum blast Correct Answer: Option C - Talking drum Explanation…

5 years ago

Which of the following is a modern trend in retailing?

A. Kiosk B. Mobile shop C. Vending machine D. Tied shop Correct Answer: Option C - Vending machine Explanation vending…

5 years ago

A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only?

A. after the offeror has made an offer B. when the offeror's letter has reached the offeree C. when the…

5 years ago

When expenses on trading are deducted; the result is the?

A. rate of turn over B. net profit C. gross profit D. cost of goods sold Correct Answer: Option B…

5 years ago

In the transportation industry; dead freight is used to describe the?

A. cost paid for an empty space left in the ship B. charge for each day performance was delayed C.…

5 years ago

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is?

A. target return pricing B. market skimming C. variable pricing D. market penetration Correct Answer: Option B - market skimming…

5 years ago

A formal letter to a dealer to enquire details about certain items for sale is referred to as?

A. an inquiry B. an invoice C. an order D. a quotation Correct Answer: Option A - an inquiry Explanation…

5 years ago