When the government gives up its ownership and control of a business to individuals, this is known as
2
The reward received by a party in a contract agreement is known as
3
Payment to a ship owner for carrying one's cargo is
4
Which of the following is not pre-sale service?
5
Which of the following is used to inform the addressee that he has a registered parcel for collection?
6
The co-operative society that performs a combination of the functions of other types of cooperatives is called
7
That portion of the share capital which the company has asked the shareholders to pay for is known as
8
One of the advantages of air transport over other forms of transport is
9
Which of the following are elements of a valid contract?
10
The last link in the channel of distribution is the
11
Taxes on imported foreign goods are also known as
12
If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in
13
Manufacturers may sell goods directly to consumers where goods are i. made to customer's specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded
14
Which of the following is a means of payment?
15
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as
16
The main divisions of production are
17
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000. What is the cost of goods sold?
18
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000. What is the cost of goods sold?
19
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000. The average stock is
20
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000. What is the rate of turnover?
21
In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is
22
The turnover of a trade is the
23
The total assets of a business less its total liability is known as
24
A document issued to the public by a company to advertise its share is known as
25
An overdraft is
26
Which of the following is not a principle of insurance
27
The par value of a share is also known as its
28
A cheque dated 15th March 2012, will become stale on
29
Banks settle their indebtedness in the
30
Which of the following distinguishes home trade from foreign trade?
31
Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?
32
When C.I.F is quoted on an invoice, it means that the price includes the
33
Encouraging a high quality of members' products through the circulation of research information is a function of
34
A voluntary association of business executives within a locality is known as
35
Which of the following is not a function of Ports Authority?
36
Using symbols, letters, name or combination of these by a company to distinguish its products is
37
Trade as a division of commerce is usually classified into
38
Liquid capital in a business means the
39
The relationship which subsists between between two or more persons carrying on a business with a view to profit" is
40
Rights issue is the
41
Which of the following pieces of information would be found in a typical debit note
42
The completion of the production process by grading and branding of goods is a function of the
43
The development of commerce was encouraged by the desire to
44
Which of the following is not a member of the Lake Chad Basin Commission
45
A false statement made by one party with an intention of inducing to enter into a contract with him is known as
46
The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are
47
When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed
