Q. Which source of financing is not available to a sole proprietor and a partnership?
(A) bank loan
(B) retained profit
(C) trade credit
(D) share issue
The answer is: (D) share issue ☑
Q. Which of the following is an example of a credit sale?
(A) buying furniture with a debit card
(B) exchanging a mobile with a new one
(C) leasing land for one year
(D) buying a car with a deposit and installments
The answer is: (D) buying a car with a deposit and installments ☑
Q. Which of the following is not a function of a warehouse?
(A) Facilitate the distribution
(B) Stockpiling
(C) Manufacture goods
(D) Provide storage
The answer is: (C) Manufacture goods ☑
Q. At which stage the production is completed?
(A) when product is manufactured
(B) when product is used by the consumer
(C) when product reach the consumer
(D) when product reach the retailer
The answer is: (C) when product reach the consumer ☑
Q. Which from the following risk is non-insurable?
(A) faulty raw material
(B) poor management
(C) factory fire
(D) vehicle accident
The answer is: (B) poor management ☑