Question 1 of 20 2,221 total questions
A public limited liability company can be enter into contracts because it?
A has many employees
B has shareholders
C is legal entity
D is allowed to take out debentures
Total assets minus current liabilities is equal to a company's?
A gross profit
B net profit
C capital owned
D capital employed
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
A Bill of exchange
B Certificate of origin
C Consumers invoice
D Bill of sight
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
A Bill of exchange
B Certificate of origin
C Consumers invoice
D Bill of sight
Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?
A Advice note
B Statement
C Invoice
D Credit note
Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?
A Advice note
B Statement
C Invoice
D Credit note
To sell a bill at less that the face value before its maturity is?
A discounting
B retiring
C accepting
D noting
To sell a bill at less that the face value before its maturity is?
A discounting
B retiring
C accepting
D noting
Entrepot trade means?
A exchange of goods between two countries
B exchange of goods among many countries
C exporting goods to be re - imported
D importing goods to be re-exported
Which of the following requires services of middlemen?
A Technical goods
B Expensive goods
C Convenience goods
D Perishable goods
The refund made by on goods re-exported after being imported is known as?
A import duty
B export duty
C excise drawback
D customs drawback
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 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
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