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