The authorized capital of a company is also referred to as it’s?
A. called-up capital B. issued capital C. subscribed capital D. nominal capital E. unissued capital Correct Answer: Option D – nominal capital
Which of the following is not the function of a small? retailer
A. supplying goods to the final consumer B. breaking goods into small units C. granting credits to known customers D. furnishing information to the wholesaler E. selling in large quantities Correct Answer: Option E – selling in large...A company has recently advertised an issue of one million ordinary shares of 50 kobo and 65 kobo per share when the issue is fully paid the company will collect?
A. N65,000.00 B. N500,000.00 C. N650,000.00 D. N1,000,000.00 E. N65,000,000.00 Correct Answer: Option C – N650,000.00
Which of the following is a feature of co-operative society?
A. dividend is based on the number of shares sold B. limited membership C. owned and run by the state D. democratic control and management E. voting rights are not equal Correct Answer: Option D – democratic control and...Which of the following is not a means of raising capital by a promoter?
A. goodwill B. borrowing C. selling of shares D. selling real assets E. past savings Correct Answer: Option A – goodwillProducts
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