Commerce

An association of businesses engaged in both trade and industry is a?

A. co-operative society B. trade union C. trust fund D. chamber of commerce Correct Answer: Option D D. chamber of…

6 years ago

Multilateral trade is carried out?

A. between two countries only B. within many countries C. among many countries D. between neighbouring countries only Correct Answer:…

6 years ago

The portion of share capital which the company has asked shareholder to pay is?

A. called-up capital B. authorized capital C. paid-up capital D. unpaid capital Correct Answer: Option A A. called-up capital Explanation…

6 years ago

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

A. hire purchase B. overdraft C. lease D. debenture Correct Answer: Option B B. overdraft Explanation An overdraft is an…

6 years ago

One disadvantage of a sole proprietorship is?

A. quick decision making B. unlimited liability C. pride of ownership D. unlimited source of capital Correct Answer: Option B…

6 years ago

One example of a product of a construction industry is a?

A. chair B. bag of cement C. piece of cloth D. television Correct Answer: Option A A. chair Explanation Construction…

6 years ago

A person authorized to sell the property of a company in a winding up is?

A. an auctioneer B. an agent C. a liquidator D. a bailee Correct Answer: Option C C. a liquidator Explanation…

6 years ago

Activities which facilitates commerce include?

A. engaging youths in environmental sanitation B. funding political campaigns C. providing recreational facilities D. improving road network Correct Answer:…

6 years ago

A document through which invitation is extended to the public to subscribe to shares is?

A. article of association B. memorandum of association C. prospectus D. quotation Correct Answer: Option C C. prospectus Explanation A…

6 years ago

An International organization that influence and fix the price of oil in the International markets is?

A. IMF B. ECOWAS C. OPEC D. OAU Correct Answer: Option C C. OPEC Explanation Organization of the petroleum exporting…

6 years ago