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4601

Which of the following is not a principle of insurance?

  • A. Insurable risk
  • B. Insurable interest
  • C. Indemnity
  • D. Subrogation
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4602

Use the information below to answer questions below

 

                   #

Sales

50,000.00

Debtors

10,000.00

Cash in hand

5,000.00

Opening stock

30,000.00

Creditors

8,000.00

Purchases

16,000.00

Overdraft

12,000.00

Closing stock

10,000.00

Calculate the working capital

  • A. #35,000.00
  • B. #14,000.00
  • C. #5,000.00
  • D. #20,000.00
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4603

Labour and entrepreneur are examples of

 

 

 

  • A. primary production
  • B. direct services
  • C. factors of production
  • D. division of labour
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4604

An organization of producers of similar products, which controls output with the intention to fix price is a

 

 

  • A. cartel
  • B. trust
  • C. syndicate
  • D. consortium
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4605

A source of capital to a public company which attracts a fixed rate of interest is

 

  • A. an ordinary share
  • B. a debenture
  • C. a subvention
  • D. an overdraft
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