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