Question 1 of 20 2,221 total questions
The nominal capital of a company is the same as?
A authorized capital
B issued capital
C capital owned
D capital employed
E called-up capital
Buildings, machines and more vehicles used for purpose of production are examples of?
A current assets
B current liabilities
C working capital
D fixed assets
E liquid assets
Which of the following policies could be taken for a guaranteed life income?
A Endowment assurance
B Household policy
C Annuity
D personal accident insurance
E Consequential loss insurance
A bill of exchange to which document of title are attached is known as?
A documentary credit
B certified bill
C documentary bill
D irrevocable bill
E bill of lading
An organization chart shows the?
A relative position of employeesin a firm
B customers position in a firm
C order in which tasks should be tackled
D specification of various jobs in a firm
E the profit position of the firm
equity interest in a company is represented by?
A preference shares
B retained earnings
C debentures
D bonds
E ordinary shares
The consumer is always right. This describes the doctrine of?
A social responsibility
B consumer movement
C consumer sovereignty
D consumer protection
E caveat venditor
The main aim of the ECOWAS is the?
A elimination of aparthied
B formation of West African High Command
C formation of Government of West African States
D Promotion of economic and cultural interaction
E promotion of ethnic and rural integration among members states
In nationalized industries, losses are borne by the?
A tax payers
B shareholders
C debenture holders
D Minister of industries
E Borad of Directors
A cover note is a?
A Document of title to goods
B letter from the tax authority
C label attached to goods foe indentification
D temporary insurance certificate
E letter issued by banks to customers
Which of the following accompanies goods supplied and forms a receipt when signed by the consignee?
A Invoice
B Order
C Delivery note
D Requisition note
E Advice note
Details of a new share for which the public is being invited to subscribe are contained in the?
A Memorandum of Association
B Certificate of Trading
C Certificate of Incorporation
D Prospectus
E Balance sheet
Which of the following is not a necessary document in incorporating a company?
A Memorandum of Association
B Articles of Association
C A statement of nominal capital
D A certificate of Trading
E A statement of minimum subscription
Which of the following are elements of the economic environment of business?
A Government policy
B Norm and value
C Politics
D inflation and unemployment
E Family and peer groups
Which of the following are the important functions of any organization?
A Planning, Marketing, Finance and Personnel Management
B Planning, Organizing, Controlling and Motivating
C Planning, Production, Controlling anf Marketing
D Planning, Personnel, Organizing and Motivating
E Planning, Staffing, Building and Warehouse
The principle of subrogation in insurance means that?
A the insured could make profit from his loss
B the insured must be fully indemnified
C those insured should pool their risks
D parties to the insurance contract must reveal all relevant facts
E the insurer takes the place of the insured in respect of claims due from third paarties
Which of the following is a function of marketing?
A manufacturing
B quality control
C book-keeping
D distribution
E extraction
When a share is bought at a rate below the par value, it is said to have been sold?
A at a discount
B cum div
C at a premium
D ax-div
E pro-rata
A'bear' on the stock exchanges sells share in anticipation of?
A a fall in price
B a rise in price
C a change in price
D the liquidation of the company concerned
E new issues
Which of the following enhances the leading powers of commercial banks?
A High bank rate
B Increased cash reserve ratio
C Provision for bad and doubtful debts
D Decreased liquidity ratio
E Increased Capital base
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