Commerce

The merger of a textile mill; a cement company and a tannery is referred to as?

A. conglomerate merger B. horizontal merger C. lateral merger D. vertical merger Correct Answer: Option B - conglomerate merger

4 years ago

A written partnership contract is known as?

A. an invoice B. a deed C. a prospectus D. a proposal Correct Answer: Option B - a deed

4 years ago

The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?

A. rejuvenation B. focus C. diversification D. consolidation Correct Answer: Option C - diversification

4 years ago

An action taken by a company outside its object clause is regarded as?

A. ultra vires B. a trespass C. uberrima fides D. caveat emptor Correct Answer: Option A - ultra vires

4 years ago

Authorized share capital is also known as?

A. called-up share capital B. paid-up share C. registered share capital D. issued share capital Correct Answer: Option C -…

4 years ago

A group of assets which a business acquires with the intention of reselling them are referred to as?

A. current assets B. investment assets C. fixed assets D. intangible assets Correct Answer: Option A - current assets

4 years ago

A specialized institution in Nigeria that deals in capital investments in the form of stocks; share; bond and debentures is the?

A. Securities and Exchange commission B. commodity market C. Nigerian Stock Exchange D. Central Bank of Nigeria Correct Answer: Option…

4 years ago

In international trade; documentary credit is also known as?

A. credit note B. letters of credit C. bankers' note D. letter of hypothecation Correct Answer: Option B - letters…

4 years ago

What is the role of the capita; market in the privatization exercise in Nigeria?

A. Selling the shares and stocks of the companies to be privatized B. Encouraging private companies to participate in the…

4 years ago

The shares of a company listed on the stock exchange for sale are referred to as?

A. registered shares B. deferred shares C. issued shares D. quoted shares Correct Answer: Option D - quoted shares

4 years ago