The main object of a cartel agreement is to control?
A. output to maintain price B. directors to achieve higher profits C. workers to increase output D. requirement to cut the cost E. shareholders to maintain shares Correct Answer: Option A – output to maintain price
The purchase of one company by another is called?
A. incorporation B. merger C. cartel D. nationalization E. privatization Correct Answer: Option B – merger
Which of the following documents transfers title to goods?
A. bill of exchange B. treasure bill C. bill of lading D. bill of sight E. bill of sale Correct Answer: Option C – bill of ladingCustoms duties are?
A. excise duties B. dock dues C. customary dues D. customs officers” duties E. import tariffs Correct Answer: Option E – import tariffs
Which of the following is not a reason for imposing a tariff? to
A. correct an adverse balance of payments B. raise revenue for the government C. encourage imports D. protect infant industries E. encourage the consumption of home-produced goods Correct Answer: Option C – encourage...Products
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