An agency agreement in which the principal approves the action of his authorized representative is agency by?
A. ratification B. necessity C. implication D. estoppel Correct Answer: Option A – ratification
The purpose of commercialization is to ________?
A. make state-owned firms more efficient B. enable state-owned firms pay tax C. encourage the flow of foreign capital D. encourage greater participation of the private sector Correct Answer: Option A – make state-owned firms more...
The act of removing government laws and allowing market forces to determine prices is?
A. commercialization B. deregulation C. divestiture D. privatization Correct Answer: Option B – deregulation
The law by which a seller transfers the property in goods to a buyer at an agreed price is the?
A. Weights and Measures Act B. Trade Description Act C. Sale of Goods Act D. Foods and Drugs Act Correct Answer: Option C – Sale of Goods Act
Advertisement which is geared towards a particular audience is?
A. direct advertising B. indirect advertising C. mass advertising D. persuasive advertising Correct Answer: Option A – direct advertisingProducts
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