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.Management Sciences
Category: Basic of Economics
What is deflation________________?
A. Deficit Budget
B. Reduction in taxation
C. Increase in public expenditure
D. Reverse of inflation
Percentage of total industry sales that a particular company controls is called ?
A. Lion’s share
B. Market share
C. Net share
D. Holding share
What is referred a group of companies that cooperate and share resources in order to achieve a common objective ?
A. Consortium
B. Pool
C. Incorporation
D. Conglomerate
What is Demand note ?
A. Draft payable in lawful money upon demand
B. Cheque payable in lawful money upon demand
C. Security payable in lawful money upon demand
D. Term deposit payable in lawful money upon demand
A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?
A. Demand draft
B. Draft
C. Invoice
D. Bill of Intent
What are called goods that satisfy human wants through their direct use ?
A. cash goods
B. consumer items
C. consumer goods
D. cash items
What is called the rules of laws which governs the internal affairs of an organization ?
A. Corporate Laws
B. Secondary Laws
C. By laws
D. Internal Laws
Which of the following is indicated by the term unemployed ?
A. Employed only part time when one needs full time employment
B. Inadequately employed
C. Note fully used or employed
D. All of them
Point out the term for producer goods such as machinery that is used in production of commodities ?
A. Capital assets
B. Running capital
C. Capital goods
D. Hard capital
In Planned economy’ Production and distribution of Wealth is under control of_____________?
A. Private sector
B. Government
C. Bank
D. None of the above
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