Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?

A. communism
B. socialism
C. capitalism
D. authoritarianism

A share or an interest in an enterprise, especially a financial share, is called ?

A. share holding
B. stake
C. partnership
D. none of these

How is termed the ability to buy ?

A. purchasing power
B. income level
C. gross purchasing power
D. purchasing power parities (ppp)

The term Remittance refers to_______________?

A. sending of money to someone at distance
B. the sum of money sent
C. both of them
D. none of them

A payment is made in return for some transference of privilege. What this payment is called ?

A. royalty
B. rent
C. share
D. intellectual royalty

What is sales tax_____________?

A. levied on the retail price of merchandise and collected by retailer
B. tax deducted at source
C. tax on local produce
D. tax on gross sale

By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ?

A. registering
B. going public
C. debuting
D. public offering

Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?

A. price competition
B. price support
C. price war
D. price battle

The term prospectus refers to______________?

A. formal summary of proposed project
B. document describing chief features of something for participants
C. both of them
D. none of them

Which term is used for the value imprinted on a security ?

A. real value
B. net value
C. par value
D. gross value