43
At the collapse of a business enterprise, the person appointed to dispose of all assets is called
- A. a broker
- B. an auctioneer
- C. a liquidator
- D. an auditor
44
A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?
- A. joint partnership
- B. cooperative
- C. corperation
- D. joint venture
45
One major advantage of a credit and thrift cooperative is that
- A. It can approach government for loan
- B. It encourages saving habit
- C. there are no legal restrictions
- D. each member has a vote during meetings
46
The partner that only contributes part of the capital used in the formation and running of a business is known as?
- A. a passive partner
- B. an active partner
- C. a dormant partner
- D. a nominal partner
47
Which of the following services does a lawyer render?
- A. industrial services
- B. indirect services
- C. direct services
- D. commercial services
48
Land as a factor of production does not vary in?
- A. quantity
- B. nature
- C. quality
- D. cost
49
A distinguishing characteristic of labour is that it is
- A. constant
- B. expensive
- C. mobile
- D. cost
50
The pivot on the wheel of commerce rotates is
- A. tariff
- B. trade
- C. taxation
- D. price