economics

The supply of labour can be influenced by the?

A. size of the population B. stage of economic development C. size of the country D. extent of the market…

6 years ago

Which of the following is a function of the retailer?

A. provision of storage facilities B. financing manufacturers C. stocking variety of goods D. advertisement of goods Correct Answer: Option…

6 years ago

The consumers’ co-operative society is owned by?

A. a management committee B. members of society C. debenture holders D. the government Correct Answer: Option B B. members…

6 years ago

The maximum amount of money a company is allowed to raise by issuing shares to the public is called?

A. paid-up capital B. fixed capital C. working capital D. authorized capital Correct Answer: Option D D. authorized capital

6 years ago

One important feature of sole proprietorship is that?

A. it is limited liability business B. the business is owned by shareholders C. one person bears all the risks…

6 years ago

Public enterprises are established mainly to?

A. provide basic amenities for the people B. make goods available in the market C. make profit for the government…

6 years ago

Dividing total variable cost by quantity of output gives?

A. Total cost (TC) B. Total Fixed Cost (TFC) C. Variable cost (VC) D. Average Variable Cost (AVC) Correct Answer:…

6 years ago

One of the internal economies of large scale production is?

A. administrative economies B. market economies C. regional economies D. horizontal economies Correct Answer: Option B B. market economies

6 years ago

In production, the formula total product/number of men employed is used to calculate?

A. total product B. average product C. marginal product D. fixed product Correct Answer: Option B B. average product

6 years ago