Commerce | Study Mode

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Question 1
A
contraband goods
B
dutiable goods
C
tax free goods
D
smuggled goods
Explanation

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Correct option: B
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Question 2
A
Partnership
B
Sole-proprietorship
C
Co-operative society
D
Public limited company
Explanation

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Correct option: D
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Question 3
A
burglary policy
B
an employer's liability cover
C
a fidelity guarantee cover
D
a consequential loss policy
Explanation

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Correct option: C
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Question 4
A
Balance of payment
B
Comparative cost advantage
C
Absolute cost advantage
D
Balance of trade
Explanation

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Correct option: B
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Question 5
A
buy from many manufacturers
B
maintain personal relationship with customers
C
stock only one line of goods in their stalls
D
do not separate business money from personal money
Explanation

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Correct option: B
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Question 6
A
Size of the business
B
Nature of the business
C
Amount of capital required
D
Level of tax payable
Explanation

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Correct option: D
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Question 7
A
domestic trade
B
wholesale trade
C
entrepot trade
D
counter trade
Explanation

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Correct option: C
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Question 8
A
tied shop
B
mail order firm
C
department store
D
chain store
Explanation

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Correct option: B
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Question 9
A
mail order
B
itinerant trading
C
barter
D
self service
Explanation

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Correct option: B
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Question 10
A
private limited company
B
public limited company
C
public corporation
D
company limited by guarantee
Explanation

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Correct option: A

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