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Where a number of insurance companies are liable under one policy, the principle applicable is
Buying and selling stocks in the stock exchange in anticipation of changes in the share price is
Another term for a dishonoured cheque is
Which of the following is an example of life assurance?
The main concern of commerce is to
The organized effort of consumers to protect themselves against the unfair practices of businessmen is
Which of the following legislations aim primarily at protection of consumers
In a law of contract, a counter offer operates as
An economic policy which encourages government ownership of business is called
Lack of permanent record for the message receiver is a disadvantage of
Which of the following occupations are classified under the extractive industry? I. cattle rearing, lumbering and farming. II. mining, quarrying and hunting. III. ship building, road construction and iron bending. IV. singing, dancing and tailoring
Which of the following abbreviations allows the drawer of a document to correct any error?
Use the following information relating to Bala Enterprises to answer questions 13 to 15.
Premises 32,000
Motor vehicle 15,000
Debtors 15,000
Stock. 20,000
Creditors 10,000
The value of current assets is
Use the following information relating to Bala Enterprises to answer questions 13 to 15.
Premises 32,000
Motor vehicle 15,000
Debtors 15,000
Stock. 20,000
Creditors 10,000
What is the value of the working capital?
Use the following information relating to Bala Enterprises to answer questions 13 to 15.
Premises 32,000
Motor vehicle 15,000
Debtors 15,000
Stock. 20,000
Creditors 10,000
The value of fixed asset is
A clean bill of lading is so called because
When an importer has been overcharged for goods supplied, the exporter issues him with a
Fidelity guarantee insurance is a cover against loss arising from
When a cheque is paid on a bank on which it is drawn, the cheque is
The process of buying, selling and distribution of goods and services is
Risk bearing in business organization is a function of the
The worth of a life assurance policy before its maturity date is
One disadvantage of advertising is that is
The business unit that applies the principle of one man, one vote is
The water co-operation is an example of
A partnership is dissolved due to
A document that contains the relationship between the company and outsiders is
An organization formed mainly by traders and manufacturers to cater for interest of members is
An insurance broker is involved in
An agreement that is enforceable in law is
The size of an enterprise is determined by the
Which of the following function is not performed by trade association?
The fees charged on postal order by the post office is
The document issued by a warehouse keeper for goods taken into the store is
Which of the following is a verbal means of communication?
The production of goods in anticipation of demand is made possible by
Regarding the consumer as the King who must be satisfied is the main emphasis of
Which of the following is a concept of marketing?
A component of marketing mix that is put in a consumable form to satisfy the consumer is
Goods become the property of the buyer on the transfer of liability and possession without immediate payment under the
The value at which one country obtains another country's currency is
Specializing in the sale of one line of goods is the main feature of
One objective of the European union is to
Which of the following persons is a part of a business internal environment?
A person or a firm to whom a sum of money is owed is
A general tax which applies at each point of exchange of goods and service is a
If a business uses part of its profit to develop the area where it operates, it is fulfilling its
Production ends when goods and services
The process of converting a non-profit making organization to a profit-making business is
A distinctive symbol, title or design that readily identifies the company and its products is
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