Question 1 of 20 50 total questions
An action taken by a company outside its object clause is regarded as?
A ultra vires
B a trespass
C uberrima fides
D caveat emptor
Authorized share capital is also known as?
A called-up share capital
B paid-up share
C registered share capital
D issued share capital
A group of assets which a business acquires with the intention of reselling them are referred to as?
A current assets
B investment assets
C fixed assets
D intangible assets
A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?
A Securities and Exchanfge commission
B commodity market
C Nigerian Stock Exchange
D Central Bank of Nigeria
In international trade, documentary credit is also known as?
A credit note
B letters of credit
C bankers' note
D letter of hypothecation
What is the role of the capita; market in the privatization exercise in Nigeria?
A Selling the shares and stocks of the companies to be privtized
B Encouraging private companies to participate inthe exercise
C Negotiating with individuals who want to buy public companies
D Advertising for governement
The shares of a company listed on the stock exchange for sale are referred to as?
A registered shares
B deferred shares
C issued shares
D quoted shares
The instruments of credit includes?
A billboards and postal stamps
B payment vouchers and statement of account
C bills of exchange and promissory notes
D bills of exchange and salary salary vouchers
In a primary market, new shares are issued through?
A personal selling, publicity and advertising
B a prospectus, an offer for sale and bill of exchange
C advertising a prospectus, and bill of exchange
D a prospectus, an offer for sale and placing
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?
A bank rates
B credits charges
C interest rates
D bank charges
Sources of finance to a business include personal savings, share, debentures and?
A loans from IMF
B bank overdraft
C central bank loans
D money from political parties
A common element in all contracts is?
A offer
B consideration
C acceptance
D agreement
One of the advantages of commercialization is that it?
A encourages entrepreneuership
B increases the salaries of workers
C motivates governement to establish more business
D gives wortkers on-the-job training
Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to?
A land pollution
B water pollution
C land and water pollution
D air and water pollution
A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?
A conduct
B necessity
C ratification
D estoppel
In Nigeria, the body ensures that its members operate according to their professional ethics is the?
One important requirement for the membership of the ECOWAS is?
A intergrity
B independence
C landmass
D population
Consumer rights include the right to?
A credit
B free samples of a product
C redress
D a shre of profits
Business environment refers to all elements that are?
A outside an organization but relevant to its operations
B inside an organization but irrelevant to its operations
C internal to an organization and relevant to its operations
D external to an organization but indirectly related to its operations
The members of the Niger Basin Commission include?
A Guinea, Ghana and Niger Republic
B Burkina Faso, Guinea and Nigeria
C The Gambia, Benin Republic and Chad
D Nigeria, Benin Republic and Chad Republic
E Nigeria, the Gambia and Cameroun
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
