Commerce

Which of the following is used to show that goods imported were produced in an ECOWAS member country?

A. Insurance policy B. Bill of lading C. Certificate of origin D. Bill of exchange Correct Answer: Option C C.…

6 years ago

Which of the following refers to a voluntary association that represents a cross-section of business interests in an area?

A. Manufacturers Association B. Chamber of Commerce C. Consumers Association D. Employers Association Correct Answer: Option B B. Chamber of…

6 years ago

A document used to advertise shares for sale is?

A. prospectus B. annual report C. articles of association D. memorandum of association Correct Answer: Option A A. prospectus

6 years ago

The money used by Njie & Co. Ltd is running the day-to-day activities of the business is represented by?

A. total assets less total liabilities B. total assets less current liabilities C. current assets less stock D. current assets…

6 years ago

If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is?

A. 20 times B. 15 times C. 12 times D. 7.5 times Correct Answer: Option B B. 15 times

6 years ago

A company may be wound up when?

A. there is a disagreement among the directors B. there are too many shareholders C. many of the share holders…

6 years ago

Which of the following gets extra dividend after its due fixed rate of dividend?

A. Preference shares B. Cumulative preference shares C. Ordinary shares D. Participating preference shares Correct Answer: Option D D. Participating…

6 years ago

The operations of a private company is guided by the?

A. deed B. certificate of trading C. certificate of incorporation D. company's act Correct Answer: Option C C. certificate of…

6 years ago

Contributing money to buy equipment for making and marketing a product is a feature of?

A. thrift societies B. public limited companies C. consumers' cooperatives D. producers' cooperatives Correct Answer: Option D D. producers' cooperatives

6 years ago