A sale agreement whereby the buyer takes possession but not title to the goods is
credit purchase
hire purchase
auction sales
direct sales
Correct answer is B
A hire purchase is an agreement whereby a buyer is allowed to take possession of a product after making an initial down payment, and will only take full ownership of the product when it has been paid for in full. The payment is usually done on installment either daily, weekly, monthly, or bi-monthly
Those who are engaged in exploiting natural resources are in
commercial occupation
constructive occupation
manufacturing occupation
extractive occupation
Correct answer is D
The extractive industry involves all kinds of works concerned with the extraction of natural resources from the soil, the sea, or forest e.g. farming, fishing, hunting, lumbering, mining, quarrying etc. It is also known as the primary occupation
at par
ex dividend
cum dividend
at premium
Correct answer is D
Shares are said to be sold at a premium when it is sold for an amount higher than the nominal value. The amount in excess of the face value is the premium.
In the case, the premium is 20k
Which of the following is not a means of transportation by water
Canoes
Launches
Tramps
Carts
Correct answer is D
A cart is a wheel-like vehicle used for the transportation of farm produce or for the carrying of goods/loads while shopping. They are different types of carts. While the modern and most popular ones are used in shopping malls, a typical cart is usually stripped to a horse who pull them about.
It is not a form of water transportation
taxation
quotas
specialization
good supervision
Correct answer is C
No explanation has been provided for this answer.