An agent with authority to bind his principal in everything, provided he acts lawfully is called
a del credere agent
a special agent
a universal agent
a factor
an aunctioneer
Correct answer is C
No explanation has been provided for this answer.
planning
controlling
motivation
directing
organizing
Correct answer is E
No explanation has been provided for this answer.
A restriction on the quantity of a commodity that could be imported is known as
licence
price control
quota
tariff
ban
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a function of merchant banks?
Granting long term loans
Advising corporate institutions
Underwriting shares
Discounting bills
Printing new bank notes
Correct answer is E
No explanation has been provided for this answer.
The document which gives the current price and terms of trade of a product is called?
a letter of credit
an invoice
an advice note
a consignment note
an order form
Correct answer is B
No explanation has been provided for this answer.