Which of the following is a middleman in the chain of distribution?
An entrepreneur
A producer
A banker
A retailer
Correct answer is D
No explanation has been provided for this answer.
The return of investment that is just sufficient to satisfy the owner of a business is called
Economic profit
Business profit
Normal profit
Excess profit
Correct answer is C
No explanation has been provided for this answer.
The main objective of privatizing a government business is to
Create additional employment
Increase expenditure
Source for new funds
Increase the level of efficiency
Correct answer is D
No explanation has been provided for this answer.
The practice whereby a business is owned by two or more independent firms is termed
Indigenization
Joint venture
Commercialization
Foreign investment
Correct answer is B
No explanation has been provided for this answer.
Former owners are removed without compensation
It has the right o draw on state funds for capital investment
It must break even within a specific period
Workers take control of the firm
Correct answer is B
No explanation has been provided for this answer.