A partner who contributes to the capital but does not take part in running the business is known as
a sleeping partner
an active partner
a general partner
a nominal partner
a limited partner
Correct answer is A
No explanation has been provided for this answer.
Which of the following guides the operations of a Partnership?
Memorandum of Association
Articles of Association
Certificate of trading
Certificate of Incorporation
The Deed
Correct answer is E
No explanation has been provided for this answer.
An agency that is involved in moving goods or people from place to place for a fee is called
courier agent
consignor
manufacturer
common carrier
factor
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a means of water transport?
Liner
Tanker
Barge
Tramp
Truck
Correct answer is E
No explanation has been provided for this answer.
The capital of a company indicated in the Memorandum of Association is known as
authorized capital
capital owned
working capital
fixed capital
called-up capital
Correct answer is A
No explanation has been provided for this answer.