One of the principles of insurance is
consequential loss
fidelity guarantee
proximate cause
surrender value
Correct answer is C
Proximate cause is an insurance principle that refers to the first event, or first peril, in a series of events that cause damage in an insurance claim.
Which of the following is not an economic grouping
Lake Chad Basin Commission
Economic Community of West African States
European Union
International Monetary Fund
Correct answer is A
Economic grouping is an organization that encourages economic cooperation among its member countries. The The Lake Chad Basin Commission is not an economic grouping.
The Lake Chad Basin Commission is an intergovernmental organization that oversees water and other natural resource usage in the basin.
Memorandum of Association
Certificate of Incorporation
Article of Association
Trading certificate
Correct answer is B
A certificate of incorporation is a legal document/license relating to the formation of a company or corporation. It is a license to form a corporation issued by state government or, in some jurisdictions, by non-governmental entity/corporation.
Which of the following is concerned with promoting favorable image of an organization?
Consumer soveriegnty
Public relations
Marketing research
Marketing segmentation
Correct answer is B
Public relations; the professional maintenance of a favourable public image by a company or other organization or a famous person.
Bonded warehouse is a place where
duty free goods are kept
perishable goods are kept
home-made goods are kept
dutiable goods are kept
Correct answer is D
Bonded warehouse is a customs-controlled warehouse for the retention of imported goods until the duty owed is paid.