Question 1 of 20 160 total questions
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
Use the information above to answer questions
A 1.53:1
B 1, 85:1
C 0. 87: 1
D 0, 50:1
Use the information above to answer questions
A N 250 000
B N 300 000
C N 420 000
D N 200 000
Public debt management is one of the functions of a?
A merchant bank
B central bank
C commercial bank
D development bank
A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?
A a denbenture
B a bond
C a term loan
D an overdraft
Money can simply be referred to as a?
A medium of exchange
B means for the settlement of debts
C durable assets for doing business
D standard of value
The body with the responsibility to register shares for subscription on the stock market in Nigeria is the?
A Securties and Exchange Commission
B Nigerian Stock Exchange
C Nigerian Deposit Insurance Company
D Central Bank of Nigeria
An essential factor for evaluating the different sources of funds for a business is the?
A decree establishing the business
B ownership structure of the business concern
C size and the type of the business
D burden of cost and repayment
A source of short-term finance to companies is?
A share capital
B debentures
C retained earnings
D corperate tax
Banks are engaged in the business of buying and selling of?
A bills of exchange
B instruments of credit
C intangible products
D land
The most widely used computer language that focuses on solving science-oriented problems is?
A FORTRAN
B BASIC
C ADA
D COBOL
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