Which of the following is NOT an importance of warehousing?
Ensures that unexpected fluctuation in consumer’s needs are met through reserves
Gives a feeling of security to the traders
Protects goods against pilfering
Provides for economy of scale by maintaining steady rate of production
Provides protection and security for goods or products from going bad
Correct answer is E
No explanation has been provided for this answer.
inform the buyer that he can buy more goods on credit
inform the buyer that his account has been credited
inform the customer about his state of solvency
tell the customer that his account is in red
warn the customer that his debt is over due
Correct answer is B
No explanation has been provided for this answer.
Which of the following is NOT a function of the central bank?
Banker's bank
Government's bank
Lender of last resort
Printing of currency
Servicing of National debt
Correct answer is D
No explanation has been provided for this answer.
A bill of lading is best described as the
certificate of quality of goods
certificate of value for the goods on board
document of title to the goods on board a ship
document showing where the goods are going to
evidence of payment of custom duties
Correct answer is C
No explanation has been provided for this answer.
The excess value of all the assets of a business over the value of its liabilities is called
capital employed
capital owned
circulating capital
loan capital
share capital
Correct answer is B
No explanation has been provided for this answer.