Commerce

The amount of capital used in the day-to-day running of a company is?

A. working capital B. capital employed C. share capital D. fixed capital Correct Answer: Option A A. working capital Explanation…

6 years ago

An overdraft is granted to holders of?

A. savings accounts B. loan accounts C. deposit accounts D. current accounts Correct Answer: Option D D. current accounts Explanation…

6 years ago

The duty payable on goods produced locally is?

A. export duty B. excise duty C. import duty D. ad Valorem duty Correct Answer: Option B B. excise duty…

6 years ago

The most suitable channel for the sale of an aircraft is?

A. manufacturer-wholesaler-retailer-consumer B. manufacture-wholesaler-consumer C. manufacturer - retailer - consumer D. manufacturer - consumer Correct Answer: Option D D. manufacturer…

6 years ago

Which of the following is a source of short term capital?

A. trade credit B. shares C. leasing D. debenture Correct Answer: Option A A. trade credit Explanation Trade credit is…

6 years ago

What is the rate of stock turnover?

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 A. 11…

6 years ago

What is the cost of goods sold?

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 A. D55000…

6 years ago

What is the average stock?

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 A. D12,000…

6 years ago

Which of the following is not a factor of production?

A. capital B. labour C. exchange D. entrepreneurship Correct Answer: Option C C. exchange Explanation Land (which includes land itself…

6 years ago

The conversion of raw materials into finished goods is performed by?

A. extractive industry B. service occupation C. commercial occupation D. the manufacturing industry Correct Answer: Option D D. the manufacturing…

6 years ago