economics
What is an incentive
could be either a reward or a penalty
Foundation companies are formed from:
Research and development
Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
Need for achievement
The structure in which there is separation of ownership and management is called
Partnership
The best definition of a sole trader form of business organization is:
The firm has a single customer
The most fundamental economic problem is
scarcity
All of the following are the broad categories of External forces EXCEPT:
S Socioeconomic forces
Foundation companies are formed from:
Research and development
. The Karta in Joint Hindu family business has:
Limited liability
One of the claimed advantages of a sole trader business is that:
Owners have limited liability
Economics is best defined as the study of how people, businesses, governments, and societies
make choices to cope with scarcity
A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.
venture capitalist
All of the following are the broad categories of External forces EXCEPT:
S Socioeconomic forces
In a cooperative society the principle followed is:
One man one vote
One of the disadvantages of a sole trader business is that:
.
the owners may disagree.
Economists point out that scarcity confronts
both the poor and the rich.
Members of distribution channels are excellent sources for new ideas because:
They are familiar with the needs of the market
The business plan should be prepared by:
Entrepreneurs
. The maximum number of partners allowed in the banking business are:
Two
One of the advantages of a partnership form of business organisation is that:
All partners always have limited liability
Scarcity requires that people must
make choices
Which of the following geographical area is having least interest to U.S. entrepreneurs?
Central Asia
What is the primary concern of founders who trade equity for capital for their growing venture?
Capitalization
Profits do not have to be shared. This statement refers to:
Partnership
The main reason why the owners of many private limited companies convert into public limited companies is that:
They want to gain the benefits of limited liability