A del credere agents is distinguished from other agent in that he?

• A. is a partner in a trading fim
• B. works for his principal on commission basis
• C. is a middle man in a transaction involving two or more people
• D. usually guarantees payments in any transcaction

Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication. Which of the above is aid to trade?

• A. i, ii, iii and Viii
• B. iii, V, Vi and Viii
• C. i, ii, iii and Vi
• D. ii, V,Vi, and Vii

The management function that makes the difference in intensity of behavior is?

• A. coordinating
• B. controlling
• C. motivation
• D. planning

The excess value of the assets of a business over its liabilities is?

• A. capital owned
• B. working capital
• C. issued capital
• D. reserved capital

in a hire purchase agreement, the buyer is the

• A. agent
• B. hirer
• C. lesse
• D. lessor

Which of the following best describes an invoice?

• A. Contractual agreement for the sale of goods
• B. Document specifying quantity, description, prices and total value of purchase .
• C. Receipt containing necessary information about the goods.
• D. Letter specifying the contractual sales of goods between two parties

A bill of exchange already accepted can be discounted by the holder in

• A. the central bank
• B. his bank
• C. at least two banks
• D. any bank

The law which stipulate that labels should give an accurate account of a product is the?

• A. price control act
• B. consumer credit act
• C. trade description act
• D. hire purchase act

A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as

• A. indigenisation
• B. commercialisation
• C. nationalisation
• D. privatisation

One advantage of personal selling is?

• A. low cost
• B. immediate feedback
• C. the appeal to many people at a time
• D. self service