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

Which of the following is a legal tender?

• A. Cheque
• B. Travellers cheque
• C. Bank note
• D. Goldsmith receipt

The minimum lending rate of a bank is a component of its

• A. current assets
• B. debit balances
• C. credit balance
• D. fixed assets

Complying with the rules relating to the conduct of business activities in a country is an aspect of

• A. cultural enviroment
• B. demographic environment
• C. legal environment
• D. political environment

Which of the following is used for temporary storage of data on a computer?

• A. RAM
• B. ROM
• C. Floppy disk
• D. flash drive

Which of the following is the best method for computing working capital

• A. Total assets less current liabilities
• B. Current liabilities less current assets
• C. Fixed liabilities less current assets
• D. Current assets less current liabilities

The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as

• A. concentration segmentation
• B. market concept
• C. consumer orientation
• D. market penetration

An ancillary to trade which promotes socio - cultural development all over the world is

• A. transportation
• B. communication
• C. tourism
• D. insurance

When expenses on trading are deducted, the result is the

• A. rate of turn over
• B. net profit
• C. gross profit
• D. cost of goods sold

Which of the following is NOT backed by gold but by government securites?

• A. Fiduciary note
• B. Token money
• C. Commodity money
• D. Fiat money