The process by which the government takes over private business is known as
commercialization
indigenization
nationalization
naturalization
privatization
Correct answer is C
No explanation has been provided for this answer.
Which holder receives interest?
cumulative preference
debenture
non-cumulative
ordinary share
preference shares
Correct answer is B
No explanation has been provided for this answer.
When one party to a contract refuses to perform the obligations assumed under the contract, there is
breach of contract
frustration
operational law
performance
voluntary agreement of the parties
Correct answer is A
No explanation has been provided for this answer.
association formed by the joining together of firms which were previously independent
association of firms at the same stage of production, formed for the purpose of keeping up prices
association of firms for the regulation of output and prices
combination of firm which carry on the same kind of business such as retailing
company that controls one or more other companies by holding majority of their shares
Correct answer is B
No explanation has been provided for this answer.
What is a statement of account? It is a/an
note to inform the customer of an addition to his business transaction
original letter sent to customer asking them to settle their bills
statement of acceptance of credit facilities to a customer
summary of customer’s transactions for a given period
summation of goods sold to a customer for a particular item
Correct answer is D
No explanation has been provided for this answer.