The primary purpose of credit cards is to
obtain goods without paying cash on the spot
obtain a loan from the bank
obtain a loan from a trader
persuade a business man to cash a cheque
provide a means of identifyng the holder
Correct answer is A
No explanation has been provided for this answer.
Industrial, commercial and direct services are branches of
manufacturing
occupation
exchange
distribution
specialization
Correct answer is B
No explanation has been provided for this answer.
When a company buys up firms supplying it with raw materials, this is an example of
horizontal integration
a holding company
backward integration
consortium
lateral merger
Correct answer is C
No explanation has been provided for this answer.
trade gap
balance of trade
balance of payments
current account balance
terms of trade
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not the duty of an entrepreneur?
provision of inital capital
Bearing of risks
Organization of other factors of production
Decision on what to produce
Decision on the amount of tax to pay
Correct answer is E
No explanation has been provided for this answer.