The maximum amount of money a company is allowed to raise by issuing shares to the public is called
Paid-up capital
Fixed capital
Working capital
Authorized capital
Correct answer is D
No explanation has been provided for this answer.
One important feature of sole proprietorship is that
It is limited liability business
The business is owned by shareholders
One person bears all the risks
It is a legal entity
Correct answer is C
No explanation has been provided for this answer.
Public enterprises are established mainly to
Provide basic amenities for the people
Make goods available in the market
Make profit for the government
Compete with foreigners in the industrial sector
Correct answer is A
No explanation has been provided for this answer.
Dividing total variable cost by quantity of output gives
Total cost (TC)
Total Fixed Cost (TFC)
Variable cost (VC)
Average Variable Cost (AVC)
Correct answer is D
No explanation has been provided for this answer.
One of the internal economies of large scale production is
Administrative economies
Market economies
Regional economies
Horizontal economies
Correct answer is B
No explanation has been provided for this answer.