The form of trade practised by the early men was characterized by?
Answer
(C)
exchange of goods for goods
2
Which of the following is an advantage of indigenization?
Answer
(C)
Fosters self-reliance
3
Farming is an activity that falls under?
Answer
(C)
extractive occupation
4
Which of the following coordinates other factors of production to achieve set objectives?
Answer
(C)
Enterprenuer
5
Production is defined as?
Answer
(B)
creation of utility
6
An advantage of a public limited company over a private one is the?
Answer
(B)
easy transferability of shares
7
The distribution of profits based upon the level of patronage in the business is a common feature of?
Answer
(C)
co-operative societies
8
The fee which the bank charges for services rendered to their current account customers is?
Answer
(D)
interest
9
The fee which the bank charges for services rendered to their current account customers is?
Answer
(D)
interest
10
Which of the following would not affect the form of a business unit?
Answer
(B)
The type of business
11
Partnership form of business is most appropriate?
Answer
(D)
where the liability of members is limited
12
The nominal value of a share is the same as its?
Answer
(D)
face value
13
The nominal value of a share is the same as its?
Answer
(D)
face value
14
Which of the following is an intangible assets of a firm?
Answer
(A)
Goodwill
15
The net profit of a business is determined by?
Answer
(D)
deducting all expenses from gross profit and other income
16
An organization formed mainly by traders on the same line of business is known as?
Answer
(C)
trade association
17
A bank's undertaking to pay an exporter on behalf of an importer is a?
Answer
(D)
bill of exchange
18
Who among the following cannot be regarded as an itinerant trader?
Answer
(A)
Gypsy
19
Who among the following cannot be regarded as an itinerant trader?
Answer
(A)
Gypsy
20
Which of the following will not be considered in choosing a channel of distribution?
Answer
(D)
Quality of product
21
A manufacturer of goods that are seasonally will be in dire need of a?
Answer
(C)
warehouse
22
A manufacturer of goods that are seasonally will be in dire need of a?
Answer
(C)
warehouse
23
Which of the following is a feature peculiar to multiple shops?
Answer
(B)
Self service
24
Which of the following is a feature peculiar to multiple shops?
Answer
(B)
Self service
25
Terms of trade is the?
Answer
(B)
rate at which a country's exports exchange for its imports
26
Which of the following encourages trade between regions?
Answer
(D)
Differences in natural resources
27
Which of the following is not suitable for fire purchase?
Answer
(A)
Textiles
28
The form of trade practiced by the early men was characterized by
Answer
(C)
exchange of goods for goods
29
Which of the following is an advantage of indigenization ?
Answer
(D)
Leads to monopoly of power
30
Farming is an activity that falls under?
Answer
(C)
extractive occupation
31
Which of the following coordinates other factors of production to achieve set objectives?
Answer
(B)
Labour
32
Production is defined as
Answer
(B)
creation of utility
33
An advantage of a public limited company over a private one is the
Answer
(A)
limited liability of share holders
34
The distribution of profits based upon the level of patronage in the business is a common feature of
Answer
(C)
co-operative societies
35
The fee which the bank charges for services rendered to their current account customers is
Answer
(C)
minimum lending rate
36
Which of the following would not affect the form of a business unit
Answer
(B)
the type of business
37
Partnership form of business is most appropriate
Answer
(C)
where very large capital is required
38
Partnership form of business is most appropriate
Answer
(C)
where very large capital is required
39
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is
Answer
(B)
#200,000
40
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The reserved capital is
Answer
(A)
#300,000
41
The nominal value of a share is same as its
Answer
(D)
face value
42
Which of the following is an intangible asset of a firm
Answer
(C)
Skilled personnel
43
The net profit of a business is determined by
Answer
(D)
deducting all expenses from gross profit and other income
44
An organization formed mainly by traders on the same line of business is known as
Answer
(B)
cooperative society
45
A bank's undertaking to pay an exporter on behalf of an importer is a
Answer
(B)
letter of credit
46
Who among the following cannot be regarded as an itinerant trader
Answer
(D)
Stall owner
47
Which of the following will not be considered in choosing a channel of distribution?
Answer
(D)
Quality of product
48
A manufacturer of goods that are seasonally demanded will be in dire need of a
Answer
(B)
suitable means of transport
49
Which of the following is a feature peculiar multiple shops?
Answer
(C)
Central Buying
50
Terms of trade is the
Answer
(B)
rate at which a country's exports exchange for its imports
51
Which of the following encourages trade between regions?
Answer
(D)
Differences in natural resources
52
Which of the following is not suitable for hire purchase?
Answer
(A)
Textiles
53
A seller quoting his goods loco price means that
Answer
(D)
the price includes cost, insurance and freight
54
Which of the following is the correct sequence in which the following documents are used?
