Business And Commerce - Study Mode

[#176] The principle of prevention is better than cure refers to __________.
Correct Answer

(B) Avoiding of risk

Explanation

Solution: The principle of prevention is better than cure refers to Avoiding of risk.

[#177] Working capital means _________.
Correct Answer

(B) Current asset minus current liability

Explanation

Solution: Working capital means Current asset minus current liability. Working capital represents a company's ability to pay its current liabilities with its current assets.

[#178] Dividends are payable to the _________.
Correct Answer

(A) Share holders

Explanation

Solution: Dividends are payable to the Share holders. Dividends payable are dividends that a company's board of directors has declared to be payable to its shareholders. Until such time as the company actually pays the shareholders, the cash amount of the dividend is recorded within a dividends payable account as a current liability.

[#179] A written agreement signed by all partners is called _______.
Correct Answer

(A) Partnership Deed

Explanation

Solution: A written agreement signed by all partners is called Partnership Deed. Partnership deed should be duly signed by the partners, stamped & registered.

[#180] Second generation reforms in our country do not comprise of which one of the following?
Correct Answer

(C) Population control measures