The difference between total current assets and total current liabilities of a business is known as

• A. quick ratio
• B. liquidity ratio
• C. working capital
• D. circulating capital

Households make economic decisions because they want to

• A. make more profit
• B. increase their salaries and wages
• C. increase their purchases
• D. maximize their satisfaction

God said to Solomon in a dream,Ask what I shall give you What did Solomon ask for

• A. Power and Authority
• B. Great wealth and riches
• C. Stable and long term in office
• D. An understanding mind

The business unit that applies the principle of one man one vote is?

• A. sole proprietorship
• B. partnership
• C. co-operative society
• D. public company

Genetically modified food products have not become universally accepted because

• A. they are not tasty as others produced by conventional means
• B. they are usually costlier than others produced by conventional means
• C. their effects on human consumers is not yet fully understand
• D. the technology can be applied only in developed countries

The letters E and OE stands for __________?

• A. Errors of exception
• B. Errors and omissions excepted
• C. Estimated and order error
• D. End of error

The insured is prevented from making profit from claims under more than one policy for the same risk by the principle of?

• A. Contribution
• B. Surbrogation
• C. Utmost good faith
• D. Proximate cause

ADDICTION: REHABILITATE

• A. Imperfection: belittle
• B. Error: disabuse
• C. Discern: discriminate
• D. Reputation: discredit

Crop rotation has the following effects on the soil except

• A. maintenance of soil fertility
• B. reducing concentration of soil pests
• C. improving soil structure
• D. predisposing soil to leaching

The economic basis of feudalism is __________

• A. agriculture
• B. capital
• C. trade
• D. slavery