New shares are offered for sale to the public through?
A. acceptable houses B. the stock exchange C. issuing houses D. discount houses E. mortgage banks Correct Answer: Option C – issuing housesA trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his?
A. authorized capital B. fixed capital C. working capital D. capital owned E. called-up capital Correct Answer: Option C – working capital
An offer of new shares made to existing shareholders at a preferential price is called?
A. bonus issue B. rights issue C. private placing D. debenture E. preference share Correct Answer: Option B – rights issue
The insurance policy against claims from customers who might be injured within the business premises is called?
A. life assurance policy B. endowment policy C. fidelity guarantee insurance D. employers liability insurance E. engineering insurance Correct Answer: Option D – employers liability insurance