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Question 2 Report
In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.
Question 3 Report
The last link in the chain of distribution is the
Question 4 Report
The prospectus of a company must include
Question 5 Report
A business person who contracts to sell shares in the expectation of a fall in price is a
Question 7 Report
A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as
Question 8 Report
A bill of lading is best described as the
Question 9 Report
The insurance policy that specifically covers damage to structure or machinery of a ship is known as.......insurance.
Question 10 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 12 Report
In a private limited liability company shares can be transferred
Question 13 Report
Short-term loan to expand a business is provided by
Question 14 Report
Which of the following is NOT part of the documents to be submitted for the registration of companies?
Question 15 Report
The services offered by the following people .could be grouped under direct services. EXCEPT
Question 16 Report
Who among the following assess goods on arrival at a port?
Question 17 Report
Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?
Question 19 Report
Which of the following is NOT a function of the central bank?
Question 20 Report
In international trade, ...... is used to show the exact country where the goods are imported.
Question 21 Report
Which of the following is a non-insurable risk
Question 24 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
Question 27 Report
Which of the following is NOT an importance of warehousing?
Question 29 Report
Business transactions are usually based upon agreements known as
Question 30 Report
The excess value of all the assets of a business over the value of its liabilities is called
Question 32 Report
All are aids to Trade EXCEPT
Question 35 Report
All these are instruments of consumer protection EXCEPT
Question 37 Report
An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as .... industry.
Question 38 Report
Under utmost good faith as an insurance principle, a person must
Question 39 Report
One way of restricting the quantity of goods which may be imported into a country is by
Question 40 Report
Profit in partnership is shared according to
Question 41 Report
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
Question 42 Report
The organisation of petroleum exporting countries (OPEC) is an example of a/n......
Question 44 Report
The right to retain possession of property of another until certain legitimate demands are satisfied is known as
Question 45 Report
The full amount of capital which a company is authorized to raise is stated in the
Question 46 Report
When manufacturers sell directly to consumers they have eliminated
Question 47 Report
Equity of a company is another name for....... shares.
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