Shortcut Of Partnership Quiz

10 Questions | Total Attempts: 153

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Shortcut Of Partnership Quiz

Partnership is term used in describing the situation whereby two or more people coming together in achieving a common goal in places like work, business, firms and so on. The shortcuts in partnership is required for the sake of time management in attempting competitive exams which is required of candidates.


Questions and Answers
  • 1. 
    What is the name given to a partner who manages a business?
    • A. 

      Shopping partner

    • B. 

      Driving partner

    • C. 

      Working partner

    • D. 

      Sleeping partner

  • 2. 
    What is the name of the partner who invested the money on business?
    • A. 

      Money partner

    • B. 

      Shopping partner

    • C. 

      Sleeping partner

    • D. 

      Working partner

  • 3. 
    Which of these is not a factor of production?
    • A. 

      Vehicle

    • B. 

      Capital

    • C. 

      Entrepreneur

    • D. 

      Labor

  • 4. 
    What is the money used in starting a business called? 
    • A. 

      Bill

    • B. 

      Rate

    • C. 

      Capital

    • D. 

      Reward

  • 5. 
    What is the situation whereby a person is operating a business?
    • A. 

      Public Limited Company

    • B. 

      Limited Company

    • C. 

      Partnership

    • D. 

      Sole-propietorship

  • 6. 
    What is the reward for land? 
    • A. 

      Interest

    • B. 

      Rent

    • C. 

      Loss

    • D. 

      Salary

  • 7. 
    Which of these is not a number of workers required for a business partnership?
    • A. 

      1

    • B. 

      2

    • C. 

      3

    • D. 

      4

  • 8. 
    Which of these types of companies can practice partnership?
    • A. 

      Transportation 

    • B. 

      Security

    • C. 

      Agricultural Company

    • D. 

      Fashion Designing

  • 9. 
    What is the principal of all factors of production?
    • A. 

      Land

    • B. 

      Labor

    • C. 

      Capital

    • D. 

      Entrepreneur

  • 10. 
    Which of these is not an example of primary production?
    • A. 

      Business

    • B. 

      Advertisement

    • C. 

      Trading

    • D. 

      Mining

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