Commerce 2014 | Study Mode

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Question 21
A
caveat emptor
B
uberrimae fidei
C
demurrage
D
jettison
Explanation

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Correct option: D
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Question 22
A
establish a monopoly
B
provide essential services
C
provide employment opportunities
D
encourage specialization
Explanation

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Correct option: B
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Question 23
A
backward integration
B
a consortium
C
forward integration
D
a syndicate
Explanation

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Correct option: C
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Question 24
A
syndicate
B
merger
C
cartel
D
consortium
Explanation

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Correct option: C
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Question 25
A
a prospectus
B
an invoice
C
an open indent
D
a closed indent
Explanation

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Correct option: A
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Question 26
A
a long-term loan
B
a development bond
C
a redeemable bond
D
an irredeemable bond
Explanation

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Correct option: C
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Question 27
A
overdraft
B
advance
C
interest
D
commission
Explanation

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Correct option: A
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Question 28
A
subscribed capital
B
authorized capital
C
issued capital
D
called-up capital
Explanation

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Correct option: D
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Question 29
A
the difference between gross profit and trade expenses
B
the different between gross profit and net sales
C
sales less cost of sales including sales returns
D
opening stock add purchases less closing stock
Explanation

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Correct option: A
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Question 30
A
legal tender
B
bank notes
C
token money
D
commodity money
Explanation

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Correct option: C

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