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Specialization and Division of Labor Questions and Answers PDF Download: Quiz 24

MCQ 116: Which one is not the input factor of production?

A) land
B) electricity
C) labor
D) enterprise

MCQ 117: Retailer purchases goods directly from

A) manufacturers
B) companies
C) wholesaler
D) suppliers

MCQ 118: Full amount must be paid for termination if the goods are

A) under hire purchase agreement
B) under credit sale agreement
C) under consumer credit agreement
D) under retain possession of goods agreement

MCQ 119: APR in consumer credit act 1947 is the abbreviation of

A) annual price rate
B) annual percentage rate
C) annual profit ratio
D) annual premium rate

MCQ 120: The stipulated retail price at which the goods must be sold, is known as

A) resale price maintaince
B) renewal of price
C) stipulated price
D) repricing

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