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BGCSE mixed MC questions Flashcards | StudBud
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BGCSE mixed MC questions
BGCSE mixed MC questions
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1
In May the Shoe Spot offered all customers ‘buy one get the second half off”. What is the pricing strategy used?
Market skimming pricing
Psychological pricing
Promotional pricing
Cost plus pricing
2
Which form of credit would be the most suitable for the purchase of furniture worth $7000?
Charge card
Mortgage
Hire purchase
Credit card
3
What is a market?
A highly specialized organization offering its goods for sale
A place where wholesalers and retailers buy their stocks
The interaction of buyers and sellers where a price is agreed upon
A place where buyers and sellers meet on a regular basis
4
Manufactures are required to have an expiry date on food to protect consumers. Which law protects consumers?
Food and Drugs Act
Prices Act
Sale of Goods Act
Weight and Measures Act
5
Which service would be useful for the Accounts department of a company when paying salaries to its 700 employees?
Standing order
Credit transfer
Direct debit
Cheque
6
What is a disadvantage of international trade for The Bahamas?
Improvement in the standard of living
Increase in the number of imports
Creation of jobs
Variety of goods availabke
7
Paula and Simon won a Standard Lumber Store. Which business unit would you suggest if they wanted to expand?
Partnership
Sole proprietor
Franchise
Private Limited company
8
Sara wants to retire in 20 years. Which policy would she purchase if she wants to receive regular payment until she dies
Term policy
Endowment policy
Annuity Policy
Whole Life policy
9
BTC and Cable Bahamas both offer cable television services what type of advertising would they find most useful?
Generic Advertising
Collective advertising
Persuasive Advertising
Competitive advertising
10
Which type of insurance coverage would a customer take out to protect personal possessions in the house for a storm?
Consequential Loss
Buildings
Accident
Contents
11
What is the cost to Saunders Wholesale if it bought goods for $1000 and received 10% trade discount & 5% cash discount
$800.00
$950.00
$900.00
$855.00
12
What is the advantage of using computers in retailing?
Extensive knowledge of promotional items
Efficient delivery service
Information on taxes payable
Ability to identify levels of inventory
13
What is not an important reason for warehouse trading?
Future demand for goods
Seasonal production of goods
Price stability of goods
Seasonal demand for goods
14
What type of economic system best describes The Bahamas?
Mixed economy
Controlled economy
Free market economy
Traditional economy
15
Which postal services provides proof that a document was delivered?
Certificate of posting
Freepost
Business reply mail
Recorded delivery
16
What is the objective of sales promotions?
Moving old stock
Creating a monopoly
Making products more appealing
Increasing long term sales
17
Which government department or agency is responsible for the collection of Value Added Tax?
Treasury Department
Department of Inland Revenue
Customs Department
Bahamas Financial Services Board
18
Tom Smith’s investment in ABC Telecom gives him the opportunity to receive additional dividends. Which one did he buy?
Cumulative preference shares
Participating preference shares
Deferred shares
Ordinary shares
