Business And Commerce - Study Mode

[#356] Liability of sole proprietorship-
Correct Answer

(C) limited to the value of business properties and all his personal assets

[#357] __________ Debentures are not redeemable during life time of the company.
Correct Answer

(B) Irredeemable

Explanation

Solution: Irredeemable Debentures are not redeemable during life time of the company. Non Redeemable Debentures is a reference to a type of debentures that will continue to remain alive in perpetuity. For this reason, such debentures are also called 'perpetual' or 'Irredeemable' debentures. The issuing company does not have any liability to redeem such debentures as long as it is a going concern.

[#358] The transitional period in the life of an expanding firm is called ___________ firm.
Correct Answer

(B) ideal

Explanation

Solution: The transitional period in the life of an expanding firm is called ideal firm.

[#359] ____________ Machine is used to point addresses of the customers or clients on outgoing mail.
Correct Answer

(B) Addressing

Explanation

Solution: Addressing machine is used to point addresses of the customers or clients on outgoing mail. It is a business machine that automatically imprints names, addresses, or other information on successive envelopes or forms.

[#360] ___________ type of drawer are used to increased desk top work area.
Correct Answer

(A) Letter tray drawer

Explanation

Solution: Letter tray drawer type of drawer are used to increased desk top work area.