A firm with a total of 54 employees produced 108 tonnes of toilet tissues in 3 months. What is the average production per employee?
A. 0.02 tonnes B. 0.2 tonnes C. 2 tonnes D. 20 tonnes E. 200 tonnes Correct Answer: Option C – 2 tonnes
A one-man business is controlled by?
A. an active partner B. board of trustees C. board of directors D. dormant partner E. the owner Correct Answer: Option E – the owner
When Elasticity of Demand is greater than one, the demand is?
A. perfectly elastic B. unitary elastic C. zero elastic D. inelastic E. elastic Correct Answer: Option E – elastic
A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as?
A. comprehensive planning B. indicative planning C. perspective planning D. regional planning E. sectors planning Correct Answer: Option A – comprehensive planning
A business organization set up for the mutual benefits of member with similar interest is known as?
A. cooperative society B. partnership C. private limited company D. public corporation E. public limited company Correct Answer: Option A – cooperative societyProducts
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