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Commerce Past Questions

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4171

Advertisement which is geared towards a particular audience is

  • A. direct advertising
  • B. indirect advertising
  • C. mass advertising
  • D. persuasive advertising
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4172

The law by which a seller transfers the property in goods to a buyer at an agreed price is the 

  • A. Weights and Measures Act
  • B. Trade Description Act
  • C. Sale of Goods Act
  • D. Foods and Drugs Act
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4173

The act of removing government laws and allowing market forces to determine prices is

  • A. commercialization
  • B. deregulation
  • C. divestiture
  • D. privatization
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4174

The purpose of commercialization is to

  • A. make state-owned firms more efficient
  • B. enable state-owned firms pay tax
  • C. encourage the flow of foreign capital
  • D. encourage greater participation of the private sector
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4175

An agency agreement in which the principal approves the action of his authorized representative is agency by

  • A. ratification
  • B. necessity
  • C. implication
  • D. estoppel
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