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4236

Which of the following is not a function of a consumer association?

  • A. Ensuring that consumers buy quality goods
  • B. Educating consumers on their rights
  • C. Penalizing importers of fake goods
  • D. Ensuring that fair prices are charged
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4237

An association formed by computer distributors to safeguard and promote their interest is a

  • A. chamber of commerce
  • B. cooperative society
  • C. trade association
  • D. trade union
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4238

The issue of prospectus by a company is an invitation to members of the public to

  • A. subscribe to the company's shares
  • B. attend the company's Annual general Meeting
  • C. buy the company's products
  • D. attend the company's board meeting
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4239

Examples of current assets are

  • A. cash and trade debtors
  • B. cash and trade creditors
  • C. trade debtors, trade creditors and cash
  • D. trade creditors and trade debtors
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4240

When the cost of sales is divided by the average stock, the result is

  • A. gross profit
  • B. net profit
  • C. rate of turnover
  • D. working capital
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