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. the current and the capital accounts and their payments D. the trade relationships and payment among nations Correct Answer: Option A – a record of imports...
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
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 enhancing competition C. the wholesaler provides technical advice to the retailer D. the gap between manufacturers and retailers is reduced...
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 capitalProducts
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