Commerce

A partnership is dissolved due to ________?

A. liquidity of the firm B. death of the employee C. insanity of a partner D. resignation of an employee…

5 years ago

A major function of trade association is to _______?

A. assist members to buy cars B. help individuals to set up small business C. establish a link among member…

5 years ago

What document is required when a country imposes valorem import duties on goods?

A. mail transfer B. shipping note C. bill of lading D. consular invoice Correct Answer: Option B - shipping note…

5 years ago

A major objective of all business resources is ______?

A. public relation B. profit sharing C. human relation D. profit making Correct Answer: Option D - profit making Explanation…

5 years ago

An advantage of division of labour is _______?

A. productivity and total output is increased B. monotony of task is eliminated C. loss of individual craftmanship is minimized…

5 years ago

The process of buying and selling and distribution of goods and services is ______?

A. retail trade B. commerce C. marketing concept D. marketing Correct Answer: Option B - commerce Explanation It is the…

5 years ago

Goods and services transferred from seller to buyer without immediate payment is referred to as ______?

A. hire purchase B. mutual understanding C. credit sale D. leasing Correct Answer: Option C - credit sale Explanation This…

5 years ago

A major merit of the retaining middlemen is to _______?

A. pay cash to the bank: for manufacturers B. stock perishable goods C. regulate price for manufacturers D. stock goods…

5 years ago

An example of extractive occupation is ______?

A. mining B. teaching C. banking D. driving Correct Answer: Option A - mining Explanation All the options are classification…

5 years ago

Another name or term 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…

5 years ago