A major criticism of a cooperative society is?
limited capital
granting exceessive loans to members
selling goods on credit to non-members
management incompetence
Correct answer is D
No explanation has been provided for this answer.
The creation of utilities is to satisfy human wants is referred to as?
production
consumption
industrialization
occupation
Correct answer is A
Production is simply referred to as the creation of utility to satisfy human wants. The stage of production is complete only when manufactured goods get to the final consumer.
A document which advertise the shares of a company is known as a?
memorandum of satisfaction
dividend warrant
deed
prospectus
Correct answer is D
Simply put, a prospectus is a document inviting the public to subscribe/buy the shares of a company.
indirect service
commerical occupation
direct service
industrial occupation
Correct answer is C
No explanation has been provided for this answer.
The making of doors from timber planks is a type of?
manufacturing
tertiary production
secondary production
primary production
Correct answer is C
Secondary production is the manufacturing and assembly process that involves converting raw materials into components, for instance, making plastics from oil.