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Question 1 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 2 Report
The insurance policy that specifically covers damage to structure or machinery of a ship is known as.......insurance.
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Question 4 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 9 Report
The major divisions of commerce are
Question 10 Report
The right to retain possession of property of another until certain legitimate demands are satisfied is known as
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Question 11 Report
When manufacturers sell directly to consumers they have eliminated
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Question 13 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 17 Report
The services offered by the following people .could be grouped under direct services. EXCEPT
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Question 20 Report
The full amount of capital which a company is authorized to raise is stated in the
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Question 21 Report
The excess value of all the assets of a business over the value of its liabilities is called
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Question 23 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 28 Report
A business person who contracts to sell shares in the expectation of a fall in price is a
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Question 29 Report
In international trade, ...... is used to show the exact country where the goods are imported.
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Question 30 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 31 Report
Which of the following is NOT a function of the central bank?
Question 34 Report
One way of restricting the quantity of goods which may be imported into a country is by
Question 35 Report
Which of the following is NOT part of the documents to be submitted for the registration of companies?
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Question 36 Report
A 'duty bill' is used to indicate whether the goods arriving a port are........
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Question 37 Report
The organisation of petroleum exporting countries (OPEC) is an example of a/n......
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Question 41 Report
Department stores are usually located in
Question 42 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 43 Report
Trade may be defined as
Question 47 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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