11. Which among the following is the ratio of net profit to net sales? A. Net profit ratio B. Net Operating ratio C. Gross profit ratio D. Pretax Profit ratio Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
12. In a drug store, the expired drug formulation is called . . . . . . . . A. Scrap items B. Surplus items C. Absolute items D. None of the above Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
13. What type of agreement is used to form a partnership business? A. Written agreement B. Oral agreement C. Written or oral agreement D. None of the above Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
14. Which of the following contract type should be used by the owner on a high risk project? A. Cost plus percentage of cost B. Cost plus incentive fee C. Lump sum D. Fixed price plus incentive fee Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
15. Business organization runs as a partnership is called a: A. Company B. Industry C. Firm D. Partnership Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
16. Trade between the countries is known as A. Import B. Foreign trade C. Export D. Regional trade Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
17. A very effective, latest and fast growing medium of advertisement is A. Radio B. Television C. Newspapers D. Magazines Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
18. Which of the following is used for recording for sales of goods on credit? A. Purchase Journal B. Sales Journal C. Sales return Journal D. None Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
19. The price that equates market supply & market demand is called A. Market restoring price B. Market depreciating price C. Market clearing price D. Market elastic price Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
20. The maximum number of partners in banking business is: A. 20 B. 2 C. 115 D. 10 Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option D No explanation is given for this question Let's Discuss on Board