The most important function of commerce is?
A. helping people to improve their profits B. facilitating exchanges among individuals and firms C. assisting trade through banking and insurance D. enhancing business relationships Correct Answer: Option B – facilitating exchanges among individuals and...
The merger of a textile mill; a cement company and a tannery is referred to as?
A. conglomerate merger B. horizontal merger C. lateral merger D. vertical merger Correct Answer: Option B – conglomerate merger
A written partnership contract is known as?
A. an invoice B. a deed C. a prospectus D. a proposal Correct Answer: Option B – a deed
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
A. rejuvenation B. focus C. diversification D. consolidation Correct Answer: Option C – diversification
An action taken by a company outside its object clause is regarded as?
A. ultra vires B. a trespass C. uberrima fides D. caveat emptor Correct Answer: Option A – ultra viresProducts
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