Question # 1

The capital needed for a departmental store is

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Less

More

Mechanical

None of the above

What does a business organization mean

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Sole tradership

Partnership

Joint stock company

All the above

The membership of chamber is given to

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Large industrial and commercial associations

Medium industrial and commercial associations

Small industrial and commercial associations

All the above

Office means a place where

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Organization's records/papers are kept

Workers take rest

Visitors wait

Clerical work is done besides keeping records

The capital needed for a departmental store is:

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Mechanical

None of the above

The broker agent gets for his services:

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Commission

Profit

Surplus commission

Brokerage

Economic activities mean

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Business

Business and profession

Business, profession end employment

None of the above

The time period of short time finance is

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Two years

More than one year

One and half year

One or less than one year

The partnership formed for any special project is called:

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Limited partnership

Particular partnersip

Partnership at will

All of these

Which warehouse are the private property of business centers:

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Government

Private

Bonded

None of these

The best form of a partnership deed is

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Verbal

Written

Written & registered

None of the above

The wholesaler makes it easy for:

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Retailer

Manufacturers

Retailer and manufacturer

None of these

On which type of shares a company gives the profit on preferential basis:

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Ordinary shares

Preference shares

Elementary shares

On all the three

Warehousing for government is the source of

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Income

Problem/tension

Debt

None of these

An agent appointed for sending goods to other countries is called:

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Export agnet

Import agent

Forwarding agent

Clearing agent

The collective profit of wholesaler is:

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Less

More

Reasonable

None of the above

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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