Question 1 of 9 49 total questions
Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?
A distress
B closure
C bankruptcy
D liquidation
At the collapse of a business enterprise, the person appointed to dispose of all assets is called
A a broker
B an auctioneer
C a liquidator
D an auditor
A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?
A joint partnership
B cooperative
C corperation
D joint venture
One major advantage of a credit and thrift cooperative is that
A It can approach government for loan
B It encourages saving habit
C there are no legal restrictions
D each member has a vote during meetings
The partner that only contributes part of the capital used in the formation and running of a business is known as?
A a passive partner
B an active partner
C a dormant partner
D a nominal partner
Which of the following services does a lawyer render?
A industrial services
B indirect services
C direct services
D commercial services
Land as a factor of production does not vary in?
A quantity
B nature
C quality
D cost
A distinguishing characteristic of labour is that it is
A constant
B expensive
C mobile
D cost
The pivot on the wheel of commerce rotates is
A tariff
B trade
C taxation
D price
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