Question 1 of 20 4,313 total questions
One of the main problems of nationalization is that?
A nationals ,may not welcome the change of ownership
B foreigners are not able to control the economy
C repatriation of profit is increased
D there may be capital flight
E there will be adverse balance of payment
When an industry is nationalized, ownership belongs to the?
A shareholders
B government
C tax payers
D indigenes
E foreigners
Which of the following statements is not true?
A Government does not nationalize businesses owned by its citizens
B Government nationalizes foreign business
C Government does not give nationalized industries to private owners
D Government nationalizes viable business
E Public corporation are owned by the government
The rights, responsibilities and liabilities of each partner are specified in the?
A memorandum of association
B prospectus
C articles of association
D deed of partnership
E deed of conveyance
In a limited partnership, the liability of most of the partners is?
A pegged
B unlimited
C limited
D unpredictable
E restricted
Which of the following is not an important reason for government ownership of industries?
A Provision of essential services
B Large capital requirements
C Avoiding duplication of services
D Preventing private monopoly
E Making high profit
Which of the following is not a source of capital to a sole proprietor?
A Loan from firends
B Personal savings
C Ploughing back profit
D Borrow from relations
E Borrowing through debentures
The reward of shareholding in a company is?
A profit
B dividend
C interest
D bonus
E premium
Founders shares are usually referred to as deferred shares because the holders?
A are not entitled to any dividend
B receives their dividends before other share holders
C are the managers of the company
D receive dividends after other shareholders
E are entitled to accumulative dividends
A business unit whose membership ranges from 2-50 is a?
A public corporation
B partnership
C public company
D private company
E co-operative society
Incorporation simply means the?
A floating of a company
B reorganization of a company
C birth of a company
D registration of the Memorandum of Association
E appointment of a new Board of Directors
Any action taken by a company outside its stated objective is regarded as?
A caveat vendetta
B Trepass
C ultra vires
D uberrimae fidei
E a nuisance
Which of the following statements is true of the manufacturing industry?
A The factors of production cannot move to other occupations
B It is involved in changing raw materials to finished goods
C Its product cannot be distributed to consumers
D It doesn't not benefit from the services of direct labour
E The workers are unskilled
Department stores are usually located?
A where low income earners live
B In suburban towns
C at city centres
D in low rental areas
E In areas free from traffic jam
In which class of occupation would doctors, teachers and entertainers be grouped?
A Extraction
B Industrial
C Direct Service
D Commercial
E Industrial Service
Which of the following is not a branch of production?
A Consumption
B Extraction
C Manufacturing
D Distribution
E Direct services
A system in which people provide their own needs directly is known as?
A sub-standard economy
B subsistence economy
C mixed economy
D monetized economy
E specialized economy
Trade can be described as?
A purchase of goods and services
B production of goods
C buying and selling
D distribution of goods
E storage of goods
Which of the following is not an aid to trade?
A Transport
B Production
C Banking
D Insurance
E Warehouse
Which of the following comes last in the chain of distribution? The
A consumer
B manufacturer
C retailer
D wholesaler
E agent
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
