Commerce

Management can be defined as?

A. getting things done through people B. implementation of business decisions C. the number of levels in an organization D.…

5 years ago

A partnership agreement specifying the relationship amongst partners is called?

A. article of association B. memorandum of association C. partnership act D. partnership deed E. certificate of incorporation Correct Answer:…

5 years ago

A study to discover consumers’ preferences and needs is called?

A. marketing B. consumer orientation C. market research D. marketing mix E. market demand Correct Answer: Option B - consumer…

5 years ago

Which of the following is an aspect of the marketing concept?

A. product orientation B. sales orientation C. consumer orientation D. mass production E. mass distribution Correct Answer: Option B -…

5 years ago

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 -…

5 years ago

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.…

5 years ago

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

5 years ago

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…

5 years ago

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 -…

5 years ago

Which of the following currencies does/do not belong to any country within the ECOWAS?

A. naira and kobo B. dalasi C. cedis and pesewas D. leo E. kwasha and shilling Correct Answer: Option E…

5 years ago