Commerce

A partner who contributes to the capital but does not take part in running the business is known as?

A. a sleeping partner B. an active partner C. a general partner D. a nominal partner E. a limited partner…

6 years ago

Which of the following guides the operations of a Partnership?

A. Memorandum of Association B. Articles of Association C. Certificate of trading D. Certificate of Incorporation E. The Deed Correct…

6 years ago

An agency that is involved in moving goods or people from place to place for a fee is called?

A. courier agent B. consignor C. manufacturer D. common carrier E. factor Correct Answer: Option D - common carrier

6 years ago

Which of the following is not a means of water transport ____?

A. Liner B. Tanker C. Barge D. Tramp E. Truck Correct Answer: Option E - Truck

6 years ago

The capital of a company indicated in the Memorandum of Association is known as?

A. authorized capital B. capital owned C. working capital D. fixed capital E. called-up capital Correct Answer: Option A -…

6 years ago

At what stage is acceptance of offer by post valid? When the letter is?

A. written B. posted C. delivered D. replied E. read Correct Answer: Option C - delivered

6 years ago

The amount which the insured pays the insurer periodically is?

A. surrender value B. premium C. interest D. compensation E. contribution Correct Answer: Option B - premium

6 years ago

The dealers who buy and sell stocks and shares in their own name are called?

A. jobbers B. brokers C. bears D. stags E. bulls Correct Answer: Option A - jobbers

6 years ago

Which of the following is not an economic grouping _____?

A. International Bank for Reconstructing And Development (IBRD) B. Lake Chad Basin Commission (LCBC) C. United Nations Organization (UNO) D.…

6 years ago

Which of the following facilitates settlement for sub-regional indebtedness?

A. Niger Basin Commission(NBC) B. Lake Chad Basin Commission (LCBC) C. The West African Clearing House D. Economic Community Of…

6 years ago