Question 1 of 20 148 total questions
The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by
A total assets less total liabilites
B total assets less current liabilities
C current assets less stock
D current assets less current liabilities
If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is
A 20 times
B 15 times
C 12 times
D 7.5 times
A company may be wound up when
A there is a disagreement among the directors
B there are too many shareholders
C many of the share holders die
D its product competes with that of the government
Which of the following gets extra dividend after its due fixed rate of dividend
A Preference shares
B Cumulative preference shares
C Ordinary shares
D Participating preference shares
The various rights attached to different classes of shares are stated in the
A articles of association
B memorandum of association
C balance sheet
D prospectus
The operations of a private company is guided by the
A deed
B certificate of trading
C certificate of incorporation
D company's act
Contributing money to buy equipment for making and marketing a product is a feature of
A thrift societies
B public limited companies
C consumers' cooperatives
D producers' cooperatives
Public enterprises are financed mainly by
A the shareholders
B commercial banks
C government grants
D The World Bank
Which of the following is best organized as a partnership?
A Drilling and marketing of crude oil
B Brewing and distribution of beer
C Designing and building of houses
D Assembling and marketing of vehicles
Where a limited partner exists in a partnership
A no active partner is needed
B other partners must be nominal
C at least one ordinary partner must be there
D at least one member must be a legal practitioner
The rate at which the country's import exchanges for its export is known as
A Terms of trade
B Balance of trade
C Rate of exchange
D Terms of exchange
The staff responsible for the calculations of probability of losses in insurance is the
A Actuary
B Underwriter
C Broker
D Solicitor
Which of the following is not required in the mail order business?
A Warehouse
B Catalogue
C Display room
D Post office
A partnership cannot raise its capital by
A selling shares to the public
B personal contribution of partners
C admission of new partners
D undistributed profits
Who among the following does not render direct service?
A Teachers
B Musicians
C Doctors
D Retailers
Which of the following is classified as an extractive industry ?
A Digging for minerals
B Digging for roads building
C Canning of Tomatoe puree
D Assembling of cars
The ancillary to trade which ensures that people gain access to facts pertaining to goods is
A insurance
B advertising
C warehousing
D banking
Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?
A Pounds and shillings
B Copper manillas
C Iron bars
D Cowries
Determine the owner's equity
A N 38 000 000
B N 20 000 000
C N 42 000 000
D N 25 000 000
What is the net working capital?
A N 6 000 000
B N 16 000 000
C (N 11 000 000)
D N 25 000 000
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