Commerce

Which of the items above constitute internal sources of financing for companies?

(i) Personal Savings (ii)Retained Earnings (iii)Accrued taxes A. i and ii B. i and iii C. ii and iii D.…

4 years ago

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A. trust certificate B. detachable warrant C. mortgage bond D. convertible securities Correct Answer: Option C - mortgage bond

4 years ago

Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

A. distress B. closure C. bankruptcy D. liquidation Correct Answer: Option C - bankruptcy

4 years ago

At the collapse of a business enterprise; the person appointed to dispose of all assets is called?

A. a broker B. an auctioneer C. a liquidator D. an auditor Correct Answer: Option C - a liquidator

4 years ago

A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?

A. joint partnership B. cooperative C. corporation D. joint venture Correct Answer: Option A - joint partnership

4 years ago

One major advantage of a credit and thrift cooperative is that?

A. It can approach government for loan B. It encourages saving habit C. there are no legal restrictions D. each…

4 years ago

The partner that only contributes part of the capital used in the formation and running of a business is known as?

A. a passive partner B. an active partner C. a dormant partner D. a nominal partner Correct Answer: Option C…

4 years ago

Which of the following services does a lawyer render?

A. industrial services B. indirect services C. direct services D. commercial services Correct Answer: Option C - direct services

4 years ago

Land as a factor of production does not vary in?

A. quantity B. nature C. quality D. cost Correct Answer: Option A - quantity

4 years ago

A distinguishing characteristic of labour is that it is?

A. constant B. expensive C. mobile D. cost Correct Answer: Option C - mobile

4 years ago