Question 1 of 8 48 total questions
The safe keeping of goods from the point of production to the time they are needed is`
A standardizing
B warehousing
C hoarding
D stock controlling
A public limited company wishing to obtain more capital may have to
A apply for subvention
B buy treasury bills
C buy second-hand securities
D issue debentures
A business unit in which profits are shared on the basis of members' patronage is known as
A partnership
B public limited company
C Co-operative society
D private limited company
Which of the following enables people to consume a variety of goods and services?
A Labour
B Capital
C Land
D Exchange
Which of the following refers to all the resources used in creating utilities?
A Fixed capital
B Factors of production
C Enterpreneurship
D Labour
Which of the following brings about specialization?
A Recruitment of staff
B Division of labour
C Business resource
D Employer of labour
The goods that are used for the production of other goods are known as
A commercial goods
B consumer goods
C capital goods
D non-durable
A shoe repairer is engaged in a
A service occupation
B manufacturing
C extractive occupation
D commercial occupation
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