Financial Accounting& Commerce | Study Mode

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Question 1
A
let the seller beware
B
let the producer beware
C
let the buyer be awarded
D
let the buyer beware
Explanation

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Correct option: D
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Question 2
A
office equipment only
B
food stuff only
C
general house hold goods
D
building materials
Explanation

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Correct option: C
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Question 3
A
linen
B
tramps
C
tankers
D
coasters
Explanation

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Correct option: D
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Question 4
A
profit
B
salaries
C
Wages
D
allowances
Explanation

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Correct option: D
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Question 5
A
accountant
B
actuary
C
value
D
auditor
Explanation

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Correct option: B
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Question 6
A
protect the insured against the insurance company
B
protect the insurance company
C
protect the third party under the contract
D
enable the insured to claim on the insurance company
Explanation

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Correct option: C
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Question 7
A
del credere
B
caveat vendetta
C
caveat emptor
D
res ipsa loquitor
Explanation

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Correct option: C
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Question 8
A
provide employment
B
provide essential
C
make profit
D
establish a monopoly
Explanation

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Correct option: B
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Question 9
A
Home and foreign trade
B
Whole and retail trade
C
Imports and exports
D
Visible and invisible trade
Explanation

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Correct option: A
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Question 10
A
It has a separate legal entity
B
It has unlimited liability
C
It has slim chances of expansion
D
It can convert into company
Explanation

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Correct option: A

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