A cheque drawn by a bank official on the bank’s deposits in another bank on a customer’s instruction is known as?
A. promissory note B. bankdraft C. banker’s order D. travellers’ cheque Correct Answer: Option C – banker’s order
An acquired firm in a merger will always receive a?
A. premium B. grant C. share D. discount Correct Answer: Option C – share
The most important concept on production is?
A. utility B. wealth creation C. transformation D. distribution Correct Answer: Option A – utility
One of the disadvantages of a sole proprietorship is?
A. secrecy of annual reports B. pride of ownership C. limited liability D. unlimited liability Correct Answer: Option D – unlimited liabilityProducts
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