Commerce

Which of the following is an internal source of capital to a business concern?

A. Trade credit B. Debenture C. overdraft D. Retain profit Correct Answer: Option D D. Retain profit

6 years ago

The refund of a duty which had been paid on importation that is later re-exported is known as?

A. export tax B. surtax C. customs drawback D. liquidation Correct Answer: Option C C. customs drawback

6 years ago

An offer by one company to buy up all or greater part of another company’s share is known as?

A. merger B. take-over bid C. absorption D. liquidation Correct Answer: Option B B. take-over bid

6 years ago

Which of the following does not lead to the dissolution of a partnership?

A. Absence of a deed of partnership B. Withdrawal of a partner C. Incapacity of any of the partners D.…

6 years ago

Which of the following has no limit to its membership?

A. Ordinary partnership B. Private Limited Company C. Limited partnership D. Cooperative society Correct Answer: Option D D. Cooperative society

6 years ago

Which of the following is concerned with actual production of goods and services?

A. Commerce B. Trade C. Industry D. Service Correct Answer: Option C C. Industry

6 years ago

Transforming raw materials into finished products is an example of?

A. primary production B. secondary production C. tertiary production D. direct service Correct Answer: Option B B. secondary production

6 years ago

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

A. production B. utility C. commerce D. industry Correct Answer: Option C C. commerce

6 years ago

The taken over by government of enterprises formerly owned by private person is referred to as?

A. privatization B. nationalization C. commercialization D. indigenization Correct Answer: Option B B. nationalization

6 years ago