Question 1 of 20 60 total questions
Which of the following is not a function of the retailing?
A Buying in bulk and warehousing
B Buying and selling in bits to consumers
C Advising consumers on the right type of goods
D Granting credits to customers
Which of the following is an advantage of large scale retailing?
A Decline in personal service
B Pilfering
C High overhead cost
D One-stop shopping
The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?
A N49,600
B N24,800
C N6,200
D N3,100
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
A N90,000
B N60,000
C N54,000
D N36,000
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
A N90,000
B N60,000
C N54,000
D N36,000
In which of the following do shareholders always vote according to their shareholdings?
A Partnership
B Cooperative society
C Public limited company
D Public corporation
A partner without an unlimited liability is known as a?
A dormant partner
B nominal partner
C general partner
D active partner
A partner without an unlimited liability is known as a?
A dormant partner
B nominal partner
C general partner
D active partner
If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
They total amount of money actually received by a company out of the issued capital is?
A paid - up capital
B unissued capital
C reserved capital
D called-up capital
A partnership without a deed shares profits/losses?
A in the ratio of partners' capital
B equally among the partners
C proportionate to patronage
D proportionate to assets introduced
A partner without an unlimited liability is known as a?
A dormant partner
B nominal partner
C general partner
D active partner
The greatest risk in a business venture is borne by the?
A trade creditors
B employees
C trade debtors
D entrepreneurs
Which of the following would not be stated in Memorandum of Association?
A Name clause
B Registered office
C Objective clause
D Rights of shareholders
When a number of thrift societies come together and are registered, they become a?
A holding company
B credit union
C trade union
D consumer association
When a public company receives the certificate of incorporation, this implies that?
A it can go ahead and start business
B it can no longer sue or be sued
C the company finds it difficult to raise capital
D the company's assets exist separately from those of its members
Industry is a branch of production because it?
A is a division of commerce
B increases utiility of goods
C involves the use of machines
D deals with its durable goods
Which of the following is not a commercial occupation?
A Transportation
B Warehousing
C Banking
D Fishing
A worker who processed garri is engaged in?
A extracting
B manufacturing
C exchange
D constructing
The scope of commerce is limited to?
A home and foreign trade
B wholesale and retail trade
C trade and aids to trade
D wholesale and entrepot
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