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MCQ 11: Division of tasks among individual usually results:

  1. better output
  2. profit
  3. efficiency in techniques
  4. development

MCQ 12: The compensation given by the insurance company known as:

  1. markup
  2. tax
  3. premiums
  4. profit

MCQ 13: Supplier can safeguard clerical errors in invoice through:

  1. E and O.E
  2. VAT
  3. MRS
  4. EEO

MCQ 14: It is the nature of large-scale retailing that customer can not directly deal with:

  1. manager
  2. whole seller
  3. manufacturer
  4. shopkeeper

MCQ 15: Wholesalers are the best known example of:

  1. agents
  2. businessman
  3. middleman
  4. partners

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