The factor of production that combines others factors and bears the risks in production process is
capital
entrepreneur
land
labour
wages
Correct answer is C
No explanation has been provided for this answer.
Who among the following is the last link in the chain of distribution?
Consignor
Consumer
Producer
Retailer
Wholesaler
Correct answer is B
No explanation has been provided for this answer.
The agreement between an exporter and a ship owner to convey goods is known as
charter party
dock warrant
marine policy
shipping conference
ships manifest
Correct answer is A
No explanation has been provided for this answer.
A cheque is not a legal tender because it is
not mandatory to a creditor to accept it
not negotiable
transferable
only a representation of money
should be paid into a bank account
Correct answer is A
No explanation has been provided for this answer.
The reward of an agent working for a principal is a
bonus
commission
dividend
interest
profit
Correct answer is B
No explanation has been provided for this answer.