Correct Answer: B. members are liable to the extent of their shareholdings only

Explanation

This means that in the event that the company folds up and its assets are liquidated, the liabilities of the company are only limited to the invested amount or the assets of the company. Simply put, if a company folds up, the private properties or assets of the owners of the company cannot be used to settle investors (debts). Only business assets can be used to settle the legal obligations of the company to shareholders or investors as the case may be.

Correct Answer: D. low per capita income

Correct Answer: A. share

Correct Answer: C) society characterized by dependency

Explanation

Commerce plays an important role in society by facilitating the trade of goods and services. It allows people to exchange what they have for what they need, which helps to satisfy the wants and needs of individuals and groups. As a result, commerce helps to create a society that is characterized by interdependence and mutual reliance. This means that people depend on each other for goods and services, which helps to create a complex and organized society.

Option A, complex and organized society, may seem like the correct answer, but it is not as specific as option C. While commerce does help to create a complex and organized society, it does so by fostering a society characterized by dependency. Option B, society characterized by subsistence, is incorrect because commerce helps to move societies past subsistence living by facilitating trade. Option D, simple and organized society, is also incorrect because commerce creates a more complex society, not a simpler one.

In summary, commerce helps to create a society characterized by dependency, which contributes to a complex and organized society. This is why option C is the correct answer.

Correct Answer: B. Construction

Explanation

Construction occupation means all job classifications associated with construction. A carpenter falls under this class of occupation as their jobs involve the art and trade of cutting, working, and joining timber/wood.

Correct Answer: A. factors of production

Correct Answer: C. consular invoice

Correct Answer: B. Tourism

Correct Answer: A. reduction in imports

Correct Answer: C) enjoying advantages of large-scale activities

Explanation

The question is asking about the reasons why business mergers are becoming more common these days. The options provided are Option A: having more directors, Option B: organizing trade fairs and exhibitions, Option C: enjoying advantages of large-scale activities (which is the correct answer), and Option D: easy settlement of disputes among businessmen. A business merger is when two or more businesses come together to form a single entity. This is done for various reasons, but in this question, we are asked about the main reason why business mergers are increasing. Option A suggests that business mergers are done to have more directors. Directors are people who are responsible for managing a company, so having more directors may not necessarily be the main reason for a business merger. Option B suggests that business mergers are done to organize trade fairs and exhibitions. While organizing trade fairs and exhibitions is important for businesses, it is not the main reason why business mergers are increasing. Option C, which is the correct answer, suggests that business mergers are done to enjoy the advantages of large-scale activities. Large-scale activities such as production, advertising, and distribution, can lead to cost savings and increased efficiency, which in turn can lead to increased profits. Option D suggests that business mergers are done for easy settlement of disputes among businessmen. While this may be a reason for some business mergers, it is not the main reason why business mergers are increasing. In summary, the correct answer to this question is Option C: enjoying advantages of large-scale activities. Business mergers are becoming more common because they allow businesses to enjoy the benefits of large-scale activities, which can lead to increased profits.