Question # 1

What does a business organization mean:

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Sole tradeship

Partnership

Joint stock company

All the above

A company established by the order of parliament of president is called:

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Government company

Chartered company

Statutory company

None of these

Due to machines, office work due becomes:

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Easy

Difficult

Remains the same

None of these

Services of wholesaler many be classified in the following ______ groups

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Three

Four

Five

Six

An import trader can get himself registered under

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Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

If any partner is not in a position to compensate the business loss called:

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Retired partner

Active partner

Weak partner

Insolvent partner

The decisions of sole trade ship depend on:

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The will of friends

The will of sole-trader

The will of government

The will of relatives

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

A wholesaler makes it easy for

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Retailer

manufacturers

Retailer and manufacturers

None

The performance of an office depends upon

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Principle

Workers

Office machines

Office management

Choose the merits of air transport

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Fastest

Natural highway

Better service

All of above

In Pakistan, life insurance business was nationalized in:

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1970

1972

1973

1978

Choose the characteristics of warehouse

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Proper space

Proper location

Transport facility

All the above

The objective of life insurance is to:

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Make investment

Lessen the financial burden

Get security for loan

All of above

In sole tradership, the responsibility of loss is on:

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The manger

Many people

A single person

The employees

People who run the management of a joint stock company are

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Shareholders

Creditors

Directors

Debentureholders

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

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