What Are the Main Features of Partnership?
The following are the features of partnership: Profit sharing Association of two or more individuals. Contractual relationship Unlimited liability Mutual... View Article
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An Example of a Direct Tax Is.
a) Entertainment tax b) VAT c) Income Tax d) Sales tax Answer: c. Income tax Income tax is regarded as... View Article
Average Propensity to Consume Can Never Be ………………………… (Choose the Correct Alternative)
a) positive b) zero c) more than one d) less than one Answer: Zero Average propensity to consume can only... View Article
Under ________________ Concept, the Life of the Business Is Infinite
Conservatism Going Concern Matching Consistency Answer Going concern The going concern concept states that a business firm will continue to... View Article
Are Bonds Money Market Instruments?
No, bonds are regarded as capital market instruments. Also read: Money Market Vs Capital Market MCQs on Capital Market Learn... View Article
What Are the Roles of the Money Market?
Money market has the following roles: It helps in financing trade It helps in financing industries It helps in investing... View Article
What Is an Example of Capital Market Security?
Bonds are an example of capital market security. Also read: Money Market Vs Capital Market MCQs on Capital Market Learn... View Article
What Is the Opposite Word of Customer?
The opposite of a customer (one who buys the product) would be someone who sells the product. Therefore, it is... View Article
Which of the Following Items Will Be Recorded in a Profit and Loss Account?
(a) Wages and Salaries (b) Salaries and Wages (c) Opening Stock (d) Sales Answer: Salaries and Wages. Salaries and wages... View Article
What Are the Two Types of Consumer Motives?
The two types of consumer motives are: Product buying motives Patronage buying motives Also read: Consumer Rights and Responsibilities Difference... View Article
What Are Different Consumer Needs?
The different consumer needs are: Price Quality Convenience Choice Also read: Consumer Rights and Responsibilities Difference Between Customer and Consumer... View Article
Who Is Known as the Father of the Consumer Movement?
Ralph Nader, a leading American political activist and author is known as the father of the consumer movement. Also read:... View Article
What Do You Mean by Customer Satisfaction?
Customer satisfaction means how well a customer feels about doing business with a company. Or it can be how well... View Article
What Is a Consumer in Simple Words?
Consumer in simple words, means an individual who consumes a product or service or we can say end user of... View Article
What Are the Types of Customers?
Customers are of the following types: Loyal customers: Those who remain loyal to a particular product or a brand. Impulse... View Article
What Are Customer Examples?
Customers are those individuals who purchase a product or service for their own use or to be used by someone... View Article
A ______________ Is One Who Allows the Use of His/her Name by a Firm, but Does Not Contribute to Its Capital
(a) Sleeping partner (b) Secret partner (c) Active partner (d) Nominal partner Answer: Nominal partner A nominal partner is one... View Article
Gross Profit Less Expenses Is Known as:
Drawings Net Profit Net Turnover Cost of goods sold Answer: Net profit Gross profit – Operating expenses = Net Profit... View Article
What Is the Difference Between Consumer and Customer With an Example?
Customer is the person who purchases the goods or services by paying for it, while the consumer is the person... View Article
How Do You Know if Goodwill Is Negative?
When the purchase price of a company is lower than the fair value of its tangible and intangible assets, then... View Article
