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66. The longest-lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is
Free trade area - FTA
European community - EC
General agreement on tariffs and trade - GATT
The North American free trade agreement - NAFTA
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67. "The entrepreneur is more than a manager. He or (she) is an innovator and promoter as well." Who said it?
George Gilder
Forrest H. Frantz
Joseph A. Schumpeter
Peter F. Drucker
68. Which statement is true?
Venture capital is outside equity that comes from professionally managed pools of investor money
Temporary working capital is the amount needed to meet seasonal or cyclical demand
Permanent working capital is the amount needed to produce goods and services at the lowest point of demand
All of the above
69. Capital rising entirely depends on the entrepreneur in which of the following entity?
Corporation
Sole Proprietorship
Partnership
70. Following are the problems in developing the economies EXCEPT
Gap of knowledge
Variable-rate of return
Same communication style
Different accounting system
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