At the collapse of a business enterprise; the person appointed to dispose of all assets is called?
A. a broker B. an auctioneer C. a liquidator D. an auditor Correct Answer: Option C – a liquidator
A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?
A. joint partnership B. cooperative C. corporation D. joint venture Correct Answer: Option A – joint partnership
One major advantage of a credit and thrift cooperative is that?
A. It can approach government for loan B. It encourages saving habit C. there are no legal restrictions D. each member has a vote during meetings Correct Answer: Option B – It encourages saving habit
The partner that only contributes part of the capital used in the formation and running of a business is known as?
A. a passive partner B. an active partner C. a dormant partner D. a nominal partner Correct Answer: Option C – a dormant partner
Which of the following services does a lawyer render?
A. industrial services B. indirect services C. direct services D. commercial services Correct Answer: Option C – direct servicesProducts
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