Commerce

Which of the following is not a source of capital to a sole proprietor?

A. Loan from friends B. Personal savings C. Ploughing back profit D. Borrow from relations E. Borrowing through debentures Correct…

5 years ago

The reward of shareholding in a company is?

A. profit B. dividend C. interest D. bonus E. premium Correct Answer: Option B - dividend

5 years ago

Founders shares are usually referred to as deferred shares because the holders?

A. are not entitled to any dividend B. receives their dividends before other shareholders C. are the managers of the…

5 years ago

A business unit whose membership ranges from 2-50 is a?

A. public corporation B. partnership C. public company D. private company E. co-operative society Correct Answer: Option D - private…

5 years ago

Incorporation simply means the?

A. floating of a company B. reorganization of a company C. birth of a company D. registration of the Memorandum…

5 years ago

Any action taken by a company outside its stated objective is regarded as?

A. caveat vendetta B. Trepass C. ultra vires D. uberrimae fidei E. a nuisance Correct Answer: Option C - ultra…

5 years ago

Which of the following statements is true of the manufacturing industry?

A. The factors of production cannot move to other occupations B. It is involved in changing raw materials to finished…

5 years ago

Department stores are usually located?

A. where low-income earners live B. In suburban towns C. at city centres D. in low rental areas E. In…

5 years ago

In which class of occupation would doctors, teachers and entertainers be grouped?

A. Extraction B. Industrial C. Direct Service D. Commercial E. Industrial Service Correct Answer: Option C - Direct Service

5 years ago

Which of the following is not a branch of production?

A. Consumption B. Extraction C. Manufacturing D. Distribution E. Direct services Correct Answer: Option A - Consumption

5 years ago