A. the difference between gross profit and trade expenses B. the difference between gross profit and net sales C. sales…
A. subscribed capital B. authorized capital C. issued capital D. called-up capital Correct Answer: Option D - called-up capital Explanation…
A. overdraft B. advance C. interest D. commission Correct Answer: Option A - overdraft Explanation Overdraft: a deficit in a…
A. a long-term loan B. a development bond C. a redeemable bond D. an irredeemable bond Correct Answer: Option D…
A. a prospectus B. an invoice C. an open indent D. a closed indent Correct Answer: Option A - a…
A. syndicate B. merger C. cartel D. consortium Correct Answer: Option C - cartel Explanation Cartel: is a group of…
A. backward integration B. a consortium C. forward integration D. a syndicate Correct Answer: Option C - forward integration Explanation…
A. establish a monopoly B. provide essential services C. provide employment opportunities D. encourage specialization Correct Answer: Option B -…
A. caveat emptor B. uberrimae fidei C. demurrage D. jettison Correct Answer: D - jettison Explanation Jettison: throw or drop…
A. rail B. road C. sea D. air Correct Answer: Option B - road