Horizontal Combination' refers to combination of two or more business concerns:
A. Producing different but related goods
B. Producing same or similar goods
C. Engaged in activities complimentary to each other
D. Engaged in activities or production of essentially different nature
Answer: Option B
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these

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