Question # 1

The letter written for the acquisition of information is

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Circular letter

Inquiry letter

Agency letter

Quotation letter

Two components of business are

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Industry and trade

Profit and loss

Commerce and industry

Trade and commerce

The formation of Joint stock Company is maintained under

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Company Act,1984

Company Act,1932

Company Act,1972

Company Act ,1911

Through advertisement new goods are

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Produced

Sold

Introduced

Spoiled

The objective of advertisement is to

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Introduce the goods

Save the goods

Reach the goods to consumers

All of these

By economic activities means:

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Business

Commerce

Business and profession

Business profession and employment

Maximum number of partners in partnership business is

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2

20

21

10

Responsibility of sole proprietor in sole proprietorship is

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Unlimited

Limited

On Govt

In sole-proprietorship the capital is

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Limited

Unlimited

Depends upon sources of the owner

Tell about like and dislike of

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Retailer

Trader

Wholesaler

Mill owner

Basic objective of business is

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Exchange of goods

To earn profit

Service to society

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