inquiry
order
invoice
quotation
receipt
Correct answer is B
No explanation has been provided for this answer.
What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?
closer contact market trends, etc.
decrease in bad debts
greater intensiveness of the sales campaign
no trading discounts need be allowed
sales are more accurately and efficiently made to the consumer
Correct answer is C
No explanation has been provided for this answer.
What is NOT the function of an entrepreneur?
bearing risks
deciding on tax to pay
deciding what to produce
organizing other factors
providing initial capital
Correct answer is B
No explanation has been provided for this answer.
buying and selling of goods and services
exchange and distribution of goods and services
life-blood of every nation
production of utilities
trade and all the services which assist trade
Correct answer is B
No explanation has been provided for this answer.
The Articles of Association of a company do NOT contain
a method of dealing with any alterations in the amount of capital
a method of sharing profits and the payment of dividends
a procedure for calling general meeting/method of voting
the amount of the authorized capital, showing its division into shares
the issue, transfer and forfeiture of shares
Correct answer is A
No explanation has been provided for this answer.