1) a firm making cash sales requires ____ working capital.
a) less
b) more
c) no
2) if volume of sales increases, there is ____ in amount of working capital.
a) an increase
b) a decrease
c) no change
3) the ____ is considered as supreme controlling factor in business.
a) finance
b) material
c) machinery
4) a ____ is indivisible unit of share capital.
a) debenture
b) share
c) bond
5) a shareholder is entitled to receive _____ as return on investment.
a) dividend
b) interest
c) discount
6) a company can not exist without ____ share.
a) preference
b) bonus
c) equity
7) the ____ share bear ultimate risk associated with the ownership
a) equity
b) preference
c) deferred
8) equity shares are paid dividend at ____ rate.
a) fluctuating
b) fixed
c) high
9) bonus share are issued as gift to ____ shareholder.
a) equity
b) preference
c) deferred
10) preference shares carry dividend at ___ rate.
a) fixed
b) fluctuating
c) lower
11) debenture are secured through ____
a) agreement
b) contract
c) trust deed
12) the holder of the bond is ___ of the institution.
a) owner
b) creditor
c) secretary
13) small retailers rely on ____ credit from their suppliers.
a) cash
b) trade
c) bank
14) transfer of share is ____
a) a voluntary act
b) an arbitrary act
c) an involuntary act
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