Commerce Past Questions And Answers
2381
the law that protects a musician's work from piracy is?
- A. usury law
- B. copyright law
- C. trademark
- D. hire purchase
2382
One of the functions of a trade association is to
- A. provide infrastructure for members
- B. provide employment for members
- C. promote members' welfare
- D. pay members' salaries
2383
A retail outlet meant to sell only a particular manufacturer's product known as a?
- A. co-operative shop
- B. chain store
- C. department store
- D. tied shop
2384
The concept that refers to the sale, transfer or exchange of goods and services is
- A. trade
- B. tariff
- C. industry
2385
Industry is a branch of production because it?
- A. is a division of commerce
- B. increases utiility of goods
- C. involves the use of machines
- D. deals with its durable goods
2386
In the channel of distribution, which of the following sets is entirely made up of middle men?
- A) Wholesales, retailers and agents
- B) Manufacturers, consumers and retailers
- C) Wholesales, agents and consumers
- D) Retailers, manufacturers and wholesales
2387
A diagram showing the positions of the structure of a company is
- A. span of control
- B. organizational chart
- C. vertical integration
- D. flowchart
2388
Which of the following distinguishes home trade from foreign trade?
- A. Payments are easily arranged
- B. Taxies are levied
- C. Goods have to be warehoused
- D. Middlemen are not required
2389
which of the following is not a tool for sale
- A. publicity
- B. exhibition
- C. competition
- D. free samples
2390
A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a
- A. bear
- B. bull
- C. dealer
- D. stag