Pooling of risk in insurance means that?
compensations are paid out of a common fund
two people can pool their risks to be insured
two insurance companies can buy two policies
insurance companies should encourage taking risks.
Correct answer is A
No explanation has been provided for this answer.
A factor necessary for siting a warehouse is nearness to
raw materials
labour
capital
consumers
Correct answer is D
No explanation has been provided for this answer.
Warehousing is a productive function because it increase the
quantity of goods
utility of goods
quality of goods
price of goods
Correct answer is A
Warehousing allows for timely delivery and optimized distribution, leading to increased labor productivity and greater customer satisfaction. With warehousing, producers can produce as much goods as the market require, store them and distribute when the demand for it arises.
Bank Giro is a method of settling debt from a
customer to a bank
bank to customer
customer to another
bank to another
Correct answer is A
No explanation has been provided for this answer.
If Mr. Bacus fulfills his promise, he will be entitled to a cash discount of?
N2,760
N3,000
6,500
9,500
Correct answer is B
No explanation has been provided for this answer.