The last link in a channel of distribution is the?
A. wholesaler B. retailer C. consumer D. agent Correct Answer: Option C – consumer
The part of issued share capital that the company has asked the subscribers to pay for is?
A. authorized capital B. called-up capital C. nominal capital D. paid-up capital Correct Answer: Option D – paid-up capital
When the cost of sales is divided by the average stock, the result is?
A. gross profit B. net profit C. rate of turnover D. working capital Correct Answer: Option C – rate of turnover
Examples of currents assets are?
A. cash and trade debtors B. cash and trade creditors C. trade debtors, trade creditors and cash D. trade creditors and trade debtors Correct Answer: Option A – cash and trade debtors
The issue of prospectus by a company is an invitation to members of the public to?
A. subscribe to the company`s shares B. buy the company`s product C. attend the company`s boards meeting Correct Answer: Option A = subscribe to the company`s sharesProducts
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