The abbreviation E & O.E. on an invoice seeks to
draw the attention of the buyer to the contents of the document
show that there is no error about price quoted on the invoice
protect the seller against any error on the document
draw the attention of the seller to the contents of the document
Correct answer is C
This is an abbreviation for "errors and omissions excepted," a disclaimer stating that information in a document is not necessarily accurate. It is used to say that a price list, product description, or other document may contain mistakes or may not include some details
Industrial occupation does not involve the
growing and extraction of raw materials
use of machinery
construction and manufacturing of goods
movement of people and goods
Correct answer is D
Industrial Occupation: This involves those who engage in the physical production of goods or changing of raw materials into finished or semi-finished goods or products.
The size of of profit of a business is measured by the
closing stock
opening stock
total purchases
rate of turnover
Correct answer is D
Rate of turnover: Is the number of times a firm sells out its merchandise or finished goods inventory
i,ii,iii,iv
ii,i,iii,iv
i,iv,iii only
i,iii,iv only
Correct answer is B
The sequence goes thus; enquiry => quotation => order => invoice
A buyer sends an enquiry to the seller asking about the goods he wants to purchase
The seller send the buyer a quotation containing products description, prices etc
The buyer then places an order
The seller sends an invoice to the buyer as prove of a business transaction