Question 1 of 20 4,313 total questions
The working capital of a firm is calculated as
A current assets minus current liabilities
B current liabilities minus fixed assets
C value of all assets
D value of issued capital
An increase in the volume of sales is also an increase in
A profit
B turnover
C fixed assets
D owner's equity
A private company's ability to raise capital is limited because
A its borrowing powers are limited
B membership does not exceed 50
C shares cannot be made public
D of limited collateral security
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is
A horizontal integration
B vertical integration
C lateral integration
D joint venture
A business becomes a separate legal entity after it has
A started operation
B been incorporated
C been insured
D been accepted by the public
In which of the following business units are profits shared on the basis of membership patronage?
A public enterprise
B partnership
C co-operative society
D public limited liability company
The main aim of credit and thrift societies is to
A settle disputes among members
B educate their members
C secure loans for members
D encourage savings among members
Risks in business are borne by the
A consumer
B entrepreneur
C marketing manager
D personnel manager
The divisions of production are
A industry,banking and services
B industry,manufacturing and services
C industry,commerce and services
D industry, commerce and services
Any activity that changes raw materials into consumer or industrial goods is
A Constructive
B assembling
C extractive
D manufacturing
Which of the following is not a function of commerce
A advertising goods
B creation of goods
C increasing profit made
D distribution of goods
Which of the following is not a function of commerce?
A advertising goods
B creation of goods
C increasing profit made
D distribution of goods
Which of the following is not a function of commerce?
A advertising goods
B creation of goods
C increasing profit made
D distribution of goods
Use the diagram above to answer questions
A Ais to trade
B Advertising
C Manufacturing
D industry
Use the diagram above to answer the question
A commerce
B exchange
C finance
D construction
Goods are of merchantable quality if they?
A conform to description
B are of equal weight
C are of the same quality
D conform to buyers' purpose
Discounts offered by firms to middlemen for bulk purchases are?
A trade discounts
B sales bonanza
C cash discounts
D seasonal discount
Manufacturers' Association of Nigeria contributes to development by advising the government on?
A industrial policy and harmony
B budget and budgetary control
C budget and industrial control
D environmental protection policy
The use of vending machines in retailing is hindered in a developing economy owing to?
A poor distribution network
B low level of education
C inffective communication system
D lack os steady power supply
International trade takes place as a result of?
A uniformity in costs of production
B inequitable distribution of natural resources
C parity in the level of industrialization
D similarities in climate conditions
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