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Question 5 Report
The excess value of all the assets of a business over the value of its liabilities is called
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Question 7 Report
The services offered by the following people .could be grouped under direct services. EXCEPT
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Question 10 Report
The full amount of capital which a company is authorized to raise is stated in the
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Question 17 Report
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
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Question 18 Report
Which of the following is NOT part of the documents to be submitted for the registration of companies?
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Question 19 Report
In international trade, ...... is used to show the exact country where the goods are imported.
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Question 21 Report
Trade may be defined as
Question 23 Report
In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.
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Question 24 Report
One way of restricting the quantity of goods which may be imported into a country is by
Question 26 Report
The insurance policy that specifically covers damage to structure or machinery of a ship is known as.......insurance.
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Question 27 Report
A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as
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Question 28 Report
The organisation of petroleum exporting countries (OPEC) is an example of a/n......
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Question 30 Report
An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as .... industry.
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Question 32 Report
The right to retain possession of property of another until certain legitimate demands are satisfied is known as
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Question 33 Report
Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?
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Question 34 Report
The concept that the satisfaction of the consumer's wants is to be emphasized at all stages of production and distribution is known as consumer...........
Question 35 Report
Department stores are usually located in
Question 37 Report
Which of the following is NOT a function of the central bank?
Question 41 Report
When manufacturers sell directly to consumers they have eliminated
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Question 42 Report
The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as
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Question 43 Report
A 'duty bill' is used to indicate whether the goods arriving a port are........
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Question 45 Report
The major divisions of commerce are
Question 47 Report
A business person who contracts to sell shares in the expectation of a fall in price is a
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