Commerce

The promotion and protection of trade industry and agriculture through trade fairs is a function of?

A. NACRDB B. NACCIMA C. the consumer protection council D. the chamber of commerce Correct Answer: Option D - the…

4 years ago

The main objective of a trade association is to?

A. protect its members against litigation B. boost the trade of its members C. secure credit for its members D.…

4 years ago

Calculate the value of the unused stock from the information below.

Given: opening stock #1,800 purchases #2,800 sales #8,000 closing stock # 350 carriage on sales # 500   A. #800…

4 years ago

What happens to the remaining 8 million shares?

A company has an authorized capital of 40 million shares at N1 each, out of which 32 million are issued…

4 years ago

The portion of the authorized share capital given out to the public for subscription is?

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

4 years ago

A business organization can obtain long term financing through?

A. bank overdraft B. the sale of shares C. credit purchases D. bureau de change Correct Answer: Option B -…

4 years ago

A feature common to public and private limited liability companies is that?

A. both can sue and be sued B. the minimum number of their shareholders is five C. the transfer of…

4 years ago

In case of a liquidation of a public limited liability company; those that are first paid are?

A. ordinary shareholders B. preference shareholders C. cumulative preference shareholders D. debenture holders Correct Answer: Option D - debenture holders…

4 years ago

The most important business objective is to?

A. improve investments B. provide quality products C. target consumers for satisfaction D. carve a niche for the business Correct…

4 years ago

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is?

A. joint venture B. partnership C. nominal partnership D. cooperative Correct Answer: Option D - cooperative Explanation The cooperative society…

4 years ago