Basic Economics
What does mean by Franchise__________________?
Authorization granted to someone to sell or distribute a company’s goods or service in certain area
A privilege or right officially granted by a person or group by a government
Territory or limits within which immunity, privilege or right may be exercised
All of the above
All of the above
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When banks prepare their balance sheets. They show the money lent in ?A. Liability
B. Assets
C. Both assets and liabilities
D. None of the above
Government levy tax on imports and exports What this tax is called ?
A. Exercise Duty
B. Custom
C. Tariff
D. Freight
When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
A. Fundamental theory
B. Supply and Demand theory
C. Cost push theory
D. Ricardo’s theory
A tax on imports exports, or consumption goods is called ?
A. Custom
B. Duty
C. Drawback
D. Excise
A company’s first sale of stock to the public is called ?
A. First Public Offering
B. Public Offering
C. Initial Public Offering (IPO)
D. Going Public
Which of the following are bonds that are not registered on the books of the issuer ?
A. Blank bond
B. Open bond
C. Term bond
D. Bearer bond
What is called degree of buyer’s responsiveness to price changes ?
A. Demand push Supply
B. Production and Supply
C. Demand and Supply
D. Demand pull supply
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