Commerce

One of the demerits of sole trading is?

A. quick decision taking B. flexibility in operation C. unlimited liability D. pride of ownership E. ease of commencement Correct…

6 years ago

An insurance policy which benefits one’s family only is in the event of one’s death is known as?

A. a comprehensive insurance B. a whole-life insurance C. an endowment policy D. an annuity E. a third party insurance…

6 years ago

Which of the following is true about cumulative preference shares _____?

A. Any unpaid dividend is carried forward B. The shareholders can obtain a capital refund C. They are entitled to…

6 years ago

Called-up capital is the amount?

A. paid on allotment B. paid on first call C. paid on application D. demanded on shares issued E. paid-up…

6 years ago

Which of the following enables production to take place ahead of demand?

A. Transporting B. Advertising C. Importing D. warehousing E. Exporting Correct Answer: Option D - warehousing

6 years ago

Which of the following must be included in the Articles of Association?

A. Voting rights of the shareholders B. The objects of the business C. The address of the registered office D.…

6 years ago

When a company sells shares to existing shareholders at preferential rate, that is called?

A. Rights issue B. Bonus issue C. Private placing D. Sale by auction E. lssue by prospectus Correct Answer: Option…

6 years ago

Which of the following will enable customs officers to correctly assess import duties on goods?

A. Pro-forma invoice B. Bill of exchange C. Documentary credit D. Consular invoice E. Bill of laden Correct Answer: Option…

6 years ago

Which of the following ensures that the quality of a product is maintained?

A. Price Control Board B. Chamber of Commerce C. Food and Drugs Act D. Standards Organisation of Nigeria E. Manufacturers…

6 years ago

Which of the following clearly defines business?

A. The process of planning, coordinating, organizing and controlling B. The act of achieving goals with the help of others…

6 years ago