Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.
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Question 1311:
Use the information below to answer questions 13 and 14
| # |
| Sales | 50,000.00 |
| Debtors | 10,000.00 |
| Cash in hand | 5,000.00 |
| Opening stock | 30,000.00 |
| Creditors | 8,000.00 |
| Purchases | 16,000.00 |
| Overdraft | 12,000.00 |
| Closing stock | 10,000.00 |
Options:
A) #35,000.00
B) #20,000.00
C) #15,000.00
D) #14,000.00
Show Answer
The correct answer is D .
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Question 1312: The rate at which a central bank discount first class bills is called the
Options:
A) fixed rate
B) bill rate
C) bank rate
D) interest rate
Show Answer
The correct answer is C .
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Question 1313: A new company requiring a large amount of equity finance may source funds from the?
Options:
A) capital market
B) central bank
C) money market
D) commercial banks
Show Answer
The correct answer is D .
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Question 1314:
A country's visible balance of payment is made up of
Options:
A) interest on loans to foreign countries
B) profit from investment abroad
C) earnings from goods exported
D) dividend earned from companies
Show Answer
The correct answer is C .
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Question 1315: The use of vending machines in retailing is hindered in a developing economy owing to?
Options:
A) poor distribution network
B) low level of education
C) inffective communication system
D) lack os steady power supply
Show Answer
The correct answer is D .
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Question 1316:
An undertaking to repair a customer's vehicle for a certain period after it has been sold is
Options:
A) after-sales service
B) marketing mix
C) market segmentation
D) sales promotion
Show Answer
The correct answer is A .
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Question 1317: A bank form used to transfer money from personal to creditor's account is called?
Options:
A) debits transfer form
B) credit transfer form
C) customers transfer form
D) banks transfer form
Show Answer
The correct answer is A .
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Question 1318: A business partner who provides capital but abstains from participation in administration of a firm is a
Options:
A) general partner
B) nominal partner
C) secret partner
D) dormant partner
Show Answer
The correct answer is D .
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Question 1319: Which of the following statements is TRUE about sea transport?
Options:
A) all ships have specific routes to ply
B) all ships must be insured at every journey
C) all ships are insured separately from the crew
D) all ships normally arrive at their destination with goods
Show Answer
The correct answer is C .
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Question 1320:
The marketing concept emphasizes
Options:
A) sales of goods directly to customers
B) use of promotional tools to stimulate sale
C) mass production of goods
D) consumer's satisfaction at a profit
Show Answer
The correct answer is D .