64
What is NOT the function of an entrepreneur?
- A. bearing risks
- B. deciding on tax to pay
- C. deciding what to produce
- D. organizing other factors
- E. providing initial capital
65
The word ‘Commerce’ means
- A. buying and selling of goods and services
- B. exchange and distribution of goods and services
- C. life-blood of every nation
- D. production of utilities
- E. trade and all the services which assist trade
66
The Articles of Association of a company do NOT contain
- A. a method of dealing with any alterations in the amount of capital
- B. a method of sharing profits and the payment of dividends
- C. a procedure for calling general meeting/method of voting
- D. the amount of the authorized capital, showing its division into shares
- E. the issue, transfer and forfeiture of shares
67
The Articles of Association of a company do NOT contain
- A. a method of dealing with any alterations in the amount of capital
- B. a method of sharing profits and the payment of dividends
- C. a procedure for calling general meeting/method of voting
- D. the amount of the authorized capital, showing its division into shares
- E. the issue, transfer and forfeiture of shares
68
The feature of a supermarket is
- A. having central control from head-office
- B. sales common household goods
- C. sales of goods without owning shops
- D. similarity in shops’ frontages
- E. that there are many shops under a roof
69
The bringing of ownership and management of a former private industry under the control of the government is called
- A. corporation
- B. industrialization
- C. nationalization
- D. participation
- E. privatization