Question 1 of 14 74 total questions
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
Which of the following is not a basic want of man?
A Transport
B Food
C Water
D Clothing
E Shelter
The function of commerce in production is that it?
A helps in the extraction of raw materials
B provides a link between the different arms of production
C is the only branch that satisfies wants
D yields result
E changes raw materials to finished goods
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