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1.
The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as
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A.
demurrage charges
B.
premium charges
C.
excess charges
D.
trade charges

2.
The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix isreferred to as
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A.
concentration segmentation
B.
market concept
C.
consumer orientation
D.
market penetration

3.
The function of money that is mostly affected by inflation is
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A.
store of value
B.
medium of exchange
C.
measure of value
D.
unit of account

4.
Ordianry warehouse is usually owned and used by
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A.
government
B.
agents
C.
retailers
D.
wholesalers

5.
The winding up of a firm by a resolution of its shareholders is an example of
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A.
voluntary liquidation
B.
bankruptcy
C.
recession
D.
involuntary liquidation

6.
Which of the following is used for temporary storage of data on a computer?
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A.
RAM
B.
ROM
C.
Floppy disk
D.
flash drive

7.
An advantage of the Second-Tier Securities Market to an economy is in
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A.
creating avenues for investment
B.
regulating competition amongst companies
C.
granting financial assistance to consumers
D.
increasing companies profit margins

8.
The lumbering of trees by a furniture company is an example of
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A.
primary production
B.
secondary production
C.
tertiary production
D.
direct production

9.
Which of the following types of occupation involues services that can be referred to as auxiliaries trade?
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A.
Constructive occupation
B.
Manufacturing occupation
C.
Industrial occupation
D.
Commercial occupation

10.
The transformation of cotton into clothings is an example of
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A.
secondary production
B.
tertiary production
C.
primary production
D.
direct production

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