Warehouses which belong to manufacturers, wholesalers or individuals are categorized as:

1. bonded warehouses
2. specialized warehouse
3.  private warehouses 
4.  public warehouses

The appropriate channel to distribute perishable goods to final consumers is from:

1.  producers, wholesalers, retailers to the final consumers
2. producers, wholesalers to final consumers
3. producers, large scale retailers to final consumers
4. producers, small scale retailers to final consumers.

(iii)     Which of the following is considered as disadvantage of division of labour?

1.  Unemployment
2. High degree of choice
3.  Employment opportunity 
4.  Efficiency

(iv)    The exchange of goods and services is referred as:

1.   Aids to trade
2.  Trade
3. Barter trade 
4. Commerce

(v)      Demand curve normally slopes from

1.  left to right upwards 
2.  right to left downwards 
3.  right to left upwards
4.  left to right downwards

(vi)    Which of the following is an example of retailers who do not have permanent premises?

1.  Single shop
2. Tied shop 
3.  Mobile shop
4.  Multiple shops.

(vii)  Which of the following is a reward for capital as a factor of production? 

1.  Wage.
2.  Interest
3. Profit 
4.  Rent

(viii)If the price elasticity of demand is greater than I, the demand is said to be.

1. elastic
2. perfectly elastic
3. inelastic 
4.  unitary

(ix)    Which of the following is a good example of perishable goods?

1.  Processed coffee
2.  Wheat flour
3. Natural flowers
4.  Processed vegetables

(x)      If the average stock is shs. 120, 000 and cost of sales is shs.

       480,000, the stockturn rate     be•.

1.   0.25times 
2.  Shs 600,000
3. Shs 360, 000
4. 4 times