Which of the following is an internal source of capital to a business concern?
Trade credit
Debenture
overdraft
Retain profit
Correct answer is D
No explanation has been provided for this answer.
The refund of a duty which had been paid on importation that are later re-exported is known as?
export tax
surtax
customs drawback
liquidation
Correct answer is C
No explanation has been provided for this answer.
An offer by one company to buy up all or greater part of another company's share is known as?
merger
take-over bid
absorption
liquidation
Correct answer is B
No explanation has been provided for this answer.
Which of the following does not lead to the dissolution of a partnership?
Absence of a deed of partnership
Withdrawal of a partner
Incapacity of any of the partners
Completion of contractual term
Correct answer is A
No explanation has been provided for this answer.
Which of the following has no limit to its membership?
Ordinary partnership
Private Limited Company
Limited partnership
Cooperative society
Correct answer is D
No explanation has been provided for this answer.