Commerce - Secondary - Loyal Academy

Kajewa is a large scale retailer who wants to identify the fast moving goods in his business. Which stock calculation will Kajewa apply to arrive at correct identification?

Question

A) Average stock B) Mark up percentage C) Cost of goods sold D) Margin percentage E) Rate of stock turn

Commerce - Secondary 6 months 0 Answers 4 views Professional

Which method would Tanzania adopt if she wants to completely restrict importation of sugar from Zambia?

Question

A) Imposing heavy import duties B) Using government agencies C) Provision of customs drawback D) Fixing import quotas E) Total ban

Commerce - Secondary 6 months 0 Answers 10 views Professional

By being a Form Four students of 17 years old, you want to be admitted in one of the partnership dealing with selling of books. In which types of partners would you fit?

Question

A) Dormant partner B) Quasi partner C) Active partner D) Minor partner E) General partner

Commerce - Secondary 6 months 0 Answers 4 views Professional

A business manager must obey the management functions so as to attain the business goals. In which function does a manager is involved in manpower planning and recruitment?

Question

A) Staffing B) Directing C) Planning D) Organizing E) Controlling

Commerce - Secondary 6 months 0 Answers 6 views Professional

Suppose you are in the process of insuring your house against fire and you have already paid the premium. Which document is temporarily issued to you by an insurer as an evidence of premium payment?

Question

A) Assurance policy B) Insurance cover note C) Insurance policy D) Insurance claim form E) Insurance proposal form

Commerce - Secondary 6 months 0 Answers 4 views Professional

Why elimination of a wholesaler from the channel of distribution does not affect the flow of goods from the manufacturer to the final consumer?

Question

A) The wholesaler has very small amount of capital. B) The wholesaler performs the only selling function. C) All goods involved in the channel of distribution are branded. D) In regardless of the financial position, manufacturer can sell direct to ...

Commerce - Secondary 6 months 0 Answers 4 views Professional

The shipping company charged one of its customers with a demurrage fee. Which condition is not fulfilled by such a customer?

Question

A) Loading the goods on time B) Offloading the goods on time C) Paying freight charges on time D) Paying insurance charges on time E) Keeping the records of all goods loaded in the ship

Commerce - Secondary 6 months 0 Answers 5 views Professional

When drawing a supply curve it is automatically that the curve slopes upwards from left to right. Why does the supply curve slopes upward from the left to right?

Question

A) The lower the price the higher the quantity demanded and vise-versa. B) When the price held constant the quantity supplied increases. C) The lower the price the higher the quantity supplied and vise-versa. D) The higher the price the ...

Commerce - Secondary 6 months 0 Answers 6 views Professional

Some entrepreneurs debated that internal motivation in entrepreneurship is wastage of resources. Which statement evidences that internal motivation is an important aspect in entrepreneurship?

Question

A)It creates employment opportunity to workers. B)It reduces regional development imbalance. C)It stimulates employees to accomplish the desired goals. D)It assists decision making in a business. E)It encourages consumption of local resources in production.

Commerce - Secondary 6 months 0 Answers 6 views Professional

If you have been employed as machine operator in one of the soft drinking industry and your salary ranked under low income earner category, which tax system will favor you as one of the low income earners?

Question

A)Indirect tax B)Regressive tax C)Direct tax D)Progressive tax E)Proportional tax

Commerce - Secondary 6 months 0 Answers 3 views Professional

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