commerce quiz

1. _________is called the lifeblood of any business enterprise:

• Profit

• Loss

• Finance

• Assets

Which of the following is not a feature of profession?

• Restricted entry
  

• Restricted entry
  

• Systematic body of knowledge

• Service motive

Accounting rules for partnership are governed by the partnership act of

• 1933

• 1956

• 1932

• 2013

A debit balance in Current Account implies

• Money owed by the firm to partners

• Money owed by partners to the firm

• Money owed by one partner to another

• Money owed by the firm to government

Disadvantage of Parnership are

• Profit is shared

• Disagreement between partners

• Longer time spent on decision making

• All 3

Which of the following is true about the functions of Marketing?

• Analysis of the needs and wants of the customers

• It helps in transportation of goods

• It includes Warehousing, Packaging, Labelling etc.

• All of the above

It refers to short- term incentives, which are designed to encourage the buyers to make immediate purchase of a product or service.

• Advertising

• Public Relations

• Personal Selling

• Sales Promotion

Which function of marketing is concerned with physical movement of goods from one place to another?

• Distribution

• Marketing Planning

• Logistics

• Transportation

...............costs which vary in direct proportion with the level of activity.

• Fixed

• Variable

• Semi Variable

• None of the above

WHAT TYPE OG PACKAGING SHOWN IN THIS IMAGE?

• PRIMARY PACKAGING

• SECONDARY PACKAGING

• TERTIARY PACKAGING

• ALL OF THE ABOVE