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4571

Unlimited liability in business implies that the

 

  • A. risk of the owner is limited only to the amount invested
  • B. property of the owners should not be used to secure loans
  • C. owners private property can be used to settle the business debts
  • D. debts are paid with subventions
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4572

The charge paid by a speculator for non-settlement of his account within the specified period is

 

  • A. backwardation
  • B. brokerage
  • C. commission
  • D. contango
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4573

The net profit is calculated as

 

  • A. sales less purchases
  • B. gross profit less expenses
  • C. gross profit less purchases
  • D. sales less expenses
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4574

Which of the following functions of the wholesaler helps to stabilize prices

 

  • A. Provision of credit
  • B. Advice to retailers
  • C. Warehousing
  • D. Financing
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4575

Which of the following does not belong to the group?

 

  • A. Posters
  • B. Free samples
  • C. Hoarding of goods
  • D. Window display
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