Which of the following items has the shortest effect on the consumer

• A. fashion
• B. innovation
• C. fad
• D. attribute

(a) Define communication

(b) List six means of communication in business

(c) In what four ways is communication important to business?

Rent is the return on

• A. a loan
• B. a share
• C. labour
• D. land

The balance of payments of countries is

• A. a record of imports and export
• B. a systematic record of transaction among countries at a given time
• C. the current and the capital accounts and their payments
• D. the trade relationships and payment among nations

Which of the following best describes the classification of computer?

• A. Mini-computer, speed and size
• B. Micro-computer, cost and abilities
• C. Mini-computer, Micro-computer and work station
• D. Mini-computer , hybrid and digital

Which of the following is not a reason for dishonoring a cheque?

• A. Irregular signature
• B. Signed alteration on the cheque
• C. Insufficient fund in drawer's account
• D. Drawers stopped payment on time

A major advantage of the private company over a partnership is that the private company

• A. can sell shares
• B. has limited liability
• C. can publish its account
• D. is allowed to borrow from commercial banks

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

• A. bonus issue
• B. private placing
• C. offer for sale
• D. rights issue

The principle of subrogation imposes an obligation on the insured to?

• A. disclose all material information
• B. have financial risks in object insured
• C. collect compensation from only insurer
• D. surrender legal rights after compensation

30 Rate of turnover is the?

• A. number of times opening stock is sold during a period
• B. rate paid by retailers for their stocks
• C. rate paid to agents forturning over their stock ata given period
• D. number of times the stock is turned over