Question # 1

Literal meanings of trade are

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To exchange

Buying and selling

To remove hindrance of time

Business

Which business organization can sale its shares to public:

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Partnership

Private Limited Company

Sole proprietorship

Public Limited Company

We call exchange of goods with goods:

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Barter system

Co-trade

Industry

Commerce

The letter written for the acquisition of information is

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Circular letter

Inquiry letter

Agency letter

Quotation letter

The persons performing services for the formation of joint stock Company are called as

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Promoters

Underwriters

Shareholder

Debenture holders

Two components of business are

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Industry and trade

Profit and loss

Commerce and industry

Trade and commerce

By economic activities means:

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Business

Commerce

Business and profession

Business profession and employment

Advertising expenses are met by

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Consumers

Whole seller

Owner of the goods

Retailer

The appointed directors of the company act as director for

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Two years

Four years

Three years

Five years

The most important document of Joint stock company is

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Prospectus

Memorandum of Association

Articles of Association

Certificate of Commencement

The formation and dissolution of sole proprietorship is

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Easy

Complicated

Difficult

Very complicated

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