Commerce

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 Correct Answer: Option C…

5 years ago

An organization chart shows the?

A. relative position of employees in a firm B. customers position in a firm C. order in which tasks should…

5 years ago

Equity interest in a company is represented by ___?

A. preference shares B. retained earnings C. debentures D. bonds E. ordinary shares Correct Answer: Option E - ordinary shares…

5 years ago

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 Correct Answer: Option C -…

5 years ago

The main aim of the ECOWAS is the?

A. elimination of apartheid B. formation of West African High Command C. formation of Government of West African States D.…

5 years ago

In nationalized industries, losses are borne by the?

A. tax payers B. shareholders C. debenture holders D. Minister of industries E. Board of Directors Correct Answer: Option A…

5 years ago

A cover note is a?

A. Document of title to goods B. letter from the tax authority C. label attached to goods for identification D.…

5 years ago

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 Correct Answer: Option A - Invoice

5 years ago

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 Correct Answer: Option…

5 years ago

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.…

5 years ago