A retail cooperative society aims at?

• A. hoarding manufactured goods
• B. cutting off the profit of the middlemen
• C. lending money to members at a low interest rates
• D. encouraging members to save money

The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is

• A. contribution
• B. insurance interest
• C. proximate cause
• D. subrogation

Which of the following would not be stated in Memorandum of Association?

• A. Name clause
• B. Registered office
• C. Objective clause
• D. Rights of shareholders

Which of the following is not a feature of co-operative society?

• A. Owners are the customers
• B. Capital can be repaid to a member
• C. Votes are according to shares held
• D. Dividend is based on patronage

The central working system of a computer used for data processing is the

• A. monitor
• B. floppy disk drive
• C. hard drive
• D. memory unit

A business that has no upper limit to the number of owners is?

• A. partnership
• B. private company
• C. public corporation
• D. public limited company

The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as

• A. excess charges
• B. demurrage charges
• C. permium charges
• D. trade charges

A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are?

• A. mainly household goods
• B. mainly industrial goods
• C. delivered by post
• D. one line of products

The allocation of tasks to different skills in a production process is referred to as

• A. production technique
• B. production function
• C. division of labour
• D. delegation of responsibility

A liquidator's fee is to be charged to the?

• A. trading account
• B. revaluation account
• C. reconstruction account
• D. realization account