Term a tax or duty rebate on imported goods that are exported at a later date ?
A. Duty
B. Custom
C. Rebut
D. Drawback
What is called degree of buyer’s responsiveness to price changes ?
A. Production & Supply
B. Demand push Supply
C. Demand & Supply
D. Demand pull supply
Investment funds are established for the supports of institutions such as hospitals investment is called ?
A. Charity funds
B. Attached funds
C. Endowment funds
D. Investment fund
A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?
A. Unmovable asset
B. Fixed property
C. Production line
D. Fixed asset
What is called a country’s decision to allow its currency value to change freely?
A. Pegged exchange rate
B. Floating exchange rate
C. Liberal exchanged rate
D. Open exchange rate
Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?
A. Common fund
B. Stock fund
C. Growth fund
D. Capital growth fund
A company’s first sale of stock to the public is called ?
A. Public Offering
B. First Public Offering
C. Initial Public Offering (IPO)
D. Going Public
A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?
A. Demand draft
B. Draft
C. Invoice
D. Bill of Intent
In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?
A. kickback
B. Commission
C. Bribe
D. Graft
Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as ______?
A. Liquid asset
B. Solid asset
C. Hard asset
D. None of these
