Question 1 of 20 1,707 total questions
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
A discounted value
B stock value
C face value
D par value
When a company uses more of loans than equity to finance its business, the company is said to be
A bankrupt
B solvent
C highly geared
D in a strong liquid position
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
A creditors
B debtors
C directors
D shareholders
The main advantage of a sole trader is the freedom to
A employ anyone he likes
B seek advice from any source
C take quick decisions
D plough all the profits back into the business
One of the implications of the incorporation of a company is that
A it is more difficult for the company to raise loans
B the company can sue but cannot be sued
C the company's property becomes distinguished from that of its members
D its members become liable for all the debts of the company
The merger of two companies producing the same type of products is an example of
A vertical integration
B horizontal integration
C lateral merger
D an acquisition
Which of the following information is contained in the Articles of Association of a limited liability company?
A Rights and obligations of directors
B Objectives of the company
C Amount of share capital
D Limitation of liability of shareholders.
If a partnership deed is silent on how profits are to be shared, partners share profits
A in the ratio of the value of business secured by each partner for the partnership
B in the ratio of partner capital contributions
C in an equal proportion irrespective of partners's capital contributons
D according to duties performed by each partner
Construction activities include the building of houses and roads as well as
A brick laying
B shoe making
C black smithing
D car assembling
In which of the following sets of occupations can an industrial worker be found?
A extraction commerce and construction
B manufacturing extraction and banking
C construction, quarrying and insurance
D manufacturing , extraction and construction
The development of commercial activities in Nigeria was facilitated largely by
A a good transport system
B the indigenization decree
C a convenient medium of exchange
D a high level of production
The secretariat of the Niger Basin Commission is located at
A Ouagadougou, Burkina Faso
B Abuja, Nigeria
C Niamey, Niger
D Bamako, Mali
A firm's organizational structure would change if
A one of the major partner dies
B there is excessive competition
C there is seasonal variation in demand
D the scope of business operation changes
The direct authority of a superior over his subordinate is known as
A staff authority
B line authority
C line and staff authority
D office authority
Motivation is an essential element in management because it
A leads to the improvement of staff welfare
B encourage individual to work towards achieving the orgaization's objective
C reduce friction among employees in the process of achieving the company's objective
D helps to eliminate industrial disharmony
The practice of assessing employees for payment or advancement according to their observed achievement is called
A employee ranking
B merit rating
C job grading
D employee education
Which of the following organizations represents those who engages labour in Nigeria?
A Nigerian Labour Congress
B Nigerian Employers Consultative Association
C Manufacturers Association of Nigeria
D Nigerian Union of Local Government Employees
The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of
A privatization
B commercialization
C indigenization
D nationalization
When an industry or company is nationalized, the state becomes
A the major shareholder
B the mini shareholder
C the only shareholder
D an equal shareholder with other individuals
Consumer sovereignty means that they consumer is
A a citizen
B always independent
C always wrong
D always right
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