which payments are compulsory for a GSM business entrepreneur.

Step 1: Analyze Question 39. The question asks which payments are compulsory for a GSM business entrepreneur. • I. Insurance fee: While highly recommended for risk management, insurance is generally not a legally compulsory payment for all businesses to operate. • II. Income tax: All businesses are legally required to pay income tax on their profits. This is a compulsory payment. • III. Business registration: It is compulsory to register a business with the relevant authorities to operate legally. This is a compulsory payment/fee. • IV. Advertisement fee: Advertising is a business expense for marketing, but it is not a compulsory payment required by law to establish or operate the business. Therefore, only income tax and business registration are compulsory. Step 2: Conclude for Question 39. The compulsory payments are II (Income tax) and III (Business registration). The correct option is C. C Step 3: Analyze Question 40. The question describes a partner in a two-man partnership GSM business deciding to walk away and asks for a likely consequence. • When a partner leaves a partnership, especially in a two-person setup, their capital contribution to the business is typically withdrawn or needs to be bought out by the remaining partner. This directly leads to a reduced business capital. • Reduced liability (A) might occur for the remaining partner in some structures, but the immediate impact on the business's resources is capital reduction. • Increased profit margin (C) is unlikely, as the business might face operational challenges or reduced capacity. • Reduced customer satisfaction (D) is a potential indirect consequence, but not the primary direct impact on the business's financial structure. Step 4: Conclude for Question 40. The most direct consequence of a partner leaving a two-man partnership is a reduction in the business's capital. The correct option is B. B Last free one today — make it count tomorrow, or type /upgrade for unlimited.