One of the factors of determining the volume of production is

• A. availablity of forex
• B. availability of storage facilities
• C. the location of the business
• D. the number of skilled manpower

All human efforts geared towards the production of goods and services is?

• A. entrepreneurship
• B. labour
• C. capital
• D. occupation

Good and services are made available to consumers through

• A. the channel of distribution
• B. sales promotion
• C. the advertising agency
• D. the middle men

The temporary insurance certificate issued to the insured before drawing up a policy is a?

• A. cover note
• B. testimonial
• C. time policy
• D. proposal form

An advantage of division of labour is _______?

• A. productivity and total output is increased
• B. monotony of task is eliminated
• C. loss of individual craftmanship is minimized
• D. interdependence of workers increase remuneration

One of the disadvantages of a sole proprietorship is?

• A. secrecy of annual reports
• B. pride of ownership
• C. limited liability
• D. unlimited liability

A demonstration of social responsibility by a business is the payment of

• A. interests on loans
• B. taxes to government
• C. dividends to shareholders
• D. premium on insurance

A two-way process which involves sending and receiving of messages is referred to as__________

• A. Advertisement
• B. Communication
• C. Marketing
• D. Transportation

The duty payable on goods produced locally iis

• A. export duty
• B. excise duty
• C. import duty
• D. advalorem duty

the advertising medium that makes only audio impression is

• A. cinema
• B. radio
• C. television
• D. hoardings