A licensed person who is authorized to sell to the highest bidder is
principal
factor
broker
auctioneer
Correct answer is D
An auctioneer is a person who manages an auction, or a public sale at which people can bid on items. Goods are sold to the highest bidder in an auction.
The collection of tariffs on imported goods is the function of
Ports Authority
Customs and Excise Authority
Clearing and Forwarding Agents
Export Promotion Council
Correct answer is B
Functions of customs and excise authorities
The entitlement of a debenture holder from a company's income is known as
commission
interest
lien
dividend
Correct answer is B
debentures are a long-term security yielding a fixed rate of interest, issued by a company and secured against assets. The holders are paid a fixed interest
Which of the following is not an insurance of indemnity
Life
Marine
Burglary
Fire
Correct answer is A
Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party. The life insurance is not part of indemnity insurance because life cannot be restored once lost.
Collecting information on the taste of consumers and the extent of demand for a product is
market research
market segmentation
marketing mix
marketing concept
Correct answer is A
market research; is the action or activity of gathering information about consumers' needs and preferences.