Which of the following covers damages to the body of a ship and its machinery?
Freight insurance
Cargo insurance
General average insurance
Voyage policy
Hull insurance
Correct answer is E
No explanation has been provided for this answer.
Which of the following is true of a merger?
Original names of the companies are retained
Expansion is restricted
All debts are written off
The company formed aquires a new name
All workers are paid bonuses
Correct answer is D
No explanation has been provided for this answer.
A company which acquires more than 50% voting shares of another company is called?
a trust
a cartel
an amalgamation
a consortium
a holding company
Correct answer is E
No explanation has been provided for this answer.
Pro-forma invoice
Advice note
Consignment note
Statement of account
Delivery note
Correct answer is A
No explanation has been provided for this answer.
Which of the following indicates special crossing on a check? Two parallell lines with
"& Co" and "not negotiable"
the abbreviation "& Co" only
"account payee" only
the name of a particular bank
"not negotiable" only
Correct answer is C
No explanation has been provided for this answer.