Business and Commerce

✅ The correct answer is C.
Partnership may come into existence by an express or implied agreement only.

✅ The correct answer is B.
Working capital means Current asset minus current liability. Working capital represents a company’s ability to pay its current liabilities with its current assets.

✅ The correct answer is B.
The spike file method of filing, a spike is fixed in a wooden or a metal base.

✅ The correct answer is B.
A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned.

✅ The correct answer is C.
Intercom system is connected with EBPAX system.

✅ The correct answer is B.
A speculator who expects a rise in price of securities in the future are called as bull. A bull is an optimistic speculator. He expects a rise in the price of the securities in which he deals.

✅ The correct answer is C.
Speculators who apply for shares in new companies and expect to sell them at a premium are called as stag.

✅ The correct answer is A.
Profession involves rendering of personal service. The service is based on professional education, knowledge, training etc. This service is provided for a professional fees charged from the clients.

✅ The correct answer is D.
The authority is decentralized in democratic style. Decentralization also aims at an economic and political system that responds more closely to people’s preferences and requirements.

✅ The correct answer is B.
A firm which outsources its works requires less employees. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff.