Which of the following is not a function of commerce?
3
Production is defined as
4
Babou Penn, a fisherman says he has all necessary materials to go to sea today, except the captain of his boat . Captain here as a factor of production refers to
5
Farmers and all other workers concerned with getting raw materials from the earth are engaged in
6
The process of making goods attractive and easy to handle is
7
The charges imposed by the government on locally manufactured goods is called
8
A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?
9
The exchange of goods and services among many countries is
10
If a ship overstays its stipulated time at a port, it pays a charge known as
11
A transaction where the buyer of a commodity becomes its legal owner after the payment of the last installment is
12
An agreement whereby the seller transfers or agrees to transfer the property in goods for a monetary consideration is a
13
The main purpose of sending delivery notes along with goods is to
14
A shop that sells only products of a particular manufacturer is known as
15
Which of the following statements cannot be found in a partnership deed?
16
Product differentiation is achieved by
17
Which of the following services is not offered to retailers by wholesalers?
18
The buying and selling of goods and services within a country is called
19
The relationship between partners is stipulated in the
20
Which of the following cannot be used to regulate importation?
21
A firm that accepts, sells and delivers goods by post is a
22
Okoni and Co. law chamber is an example of a
23
A refund of the duty collected on goods imported into a country which are later re-exported is called
24
Which of the following is mostly used by a mail order business to sell goods
25
Information requested from a bank concerning the credit worthiness of a new customer to a business is
26
The document which gives legal authority to a company to operate as a legal entity is
27
A business that is independent of its owners is a
28
The amount paid regularly by the assured to the insurer is
29
The net profit is calculated as
30
Which of the following carries specialized goods?
31
In sea transport, vessels that operate on fixed routes and schedules are called?
32
Which of the following advertising media combines the advantages of both sight and sound?
33
One disadvantage of advertising to the consumer is that it
34
Which of the following is not a sales promotion method?
35
Working capital is
36
A cheque dated 30th July, 2004 but presented for payment on 28th February, 2005 is
37
Which of the following receives dividend based on patronage?
38
If a customer opens a deposit account with a bank, he will
39
A chamber of commerce normally consists of
40
A group of musicians can come together to form a
41
Which of the following is not an advantage of marketing?
42
One disadvantage of indigenization is that it
43
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
44
Which of the following economic unions is made up of countries in West Africa only?
45
People who sell shares in anticipation of a fall in their value are called
46
Which of the following is not a favorable condition under which personal selling can be practiced?
47
A shareholder who holds 100,000 shares of 50 butts each is given a dividend of 10 percent less 2 percent tax. What is his net return?
