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In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.
Aallotted
Bcalled up
Cpaid for
Duncalled up
Eunpaid for
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Question 1212
neco2004
Trade may be defined as
Abuying and selling of goods
Bbuying and selling of goods and services
Cdistribution goods
Dproduction of goods
Eselling of goods and services
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Question 1213
neco2004
The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as
Aadvertising
Bdistributing
Cmarketing
Dplanning
Etrading
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Question 1214
neco2004
In international trade, ...... is used to show the exact country where the goods are imported.
Abill of lading
Bcertificate of origin
Cconsular invoice
Ddock receipt
Eshipping note
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Question 1215
neco2004
Credit in business transaction is a. ......
Acompliment to a good customer
Bform of loan
Cmeans of saving money
Dprepayment by customers
Erebate for large purchases
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Question 1216
neco2004
An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as .... industry.
Acommercial
Bconstruction
Cextractive
Dmanufacturing
Emining
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Question 1217
neco2004
The value of money is measured by the
Aamount of goods and services a unit of it can purchase
Bamount of its unit people can hold
C. ease at which people can spend a unit of it
Dquantity of it in circulation
Erate of national development
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Question 1218
neco2004
The right to retain possession of property of another until certain legitimate demands are satisfied is known as
Aagency
Bcopyright
Cguarantee
Dlien
Epatent
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Question 1219
neco2004
Who among the following assess goods on arrival at a port?
AAgent
BCustoms
CImporter
DShipping company
EShip owner
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Question 1220
neco2004
The prospectus of a company must include
Anames and addresses of management staff
Bthe certificate of incorporation
Cthe directors remuneration
Dthe value of annual dividend
Etypes of shares available and their cost
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Question 1221
neco2004
Business transactions are usually based upon agreements known as
Aconfidence
Bcontract
Cgood-will
Dproposal
Eunderstanding
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Question 1222
neco2004
A business person who contracts to sell shares in the expectation of a fall in price is a
Abear
Bbroker
Cbull
Djobber
Especulator
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Question 1223
neco2004
Which of the following is a non-insurable risk
ACash-in-transits
BConsequential loss
CFire
DHome accidents
ESpeculative venture
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Question 1224
neco2004
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
ACredit note
BDebit note
CDelivery note
DInvoice
EQuotation
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Question 1225
neco2004
Goods are given utility by
Achanging their forms and location
Bconsuming them
Ccosting their value
Dnumbering and counting them
Epacking and measuring them
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Question 1226
neco2004
Which of the following best describes span of control
ADirectors in an organisation
BFinancial controllers within an organisation
CShareholders in a company
DSubordinates that an executive supervises
ESubordinates who can work on their own
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Question 1227
neco2004
Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?
AContribution
Bindemnity
CProxirnate cause
DSubrogation
EUtmost good faith
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Question 1228
neco2004
When manufacturers sell directly to consumers they have eliminated
Aadvertising agents
Bbrokers
Cmiddleman
Dretailers only
Ewholesalers
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Question 1229
neco2004
Short-term loan to expand a business is provided by
Abuilding societies
Bcentral bank
Ccommercial banks
Dcooperative societies
Emortgage banks
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Question 1230
neco2004
Equity of a company is another name for....... shares.
