Commerce

Which of the items 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…

5 years ago

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

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

5 years ago

The first known legislation to protect consumer rights in Nigeria is the?

A. usury laws B. sale of goods act C. hire purchase act D. food and drugs act Correct Answer: Option…

5 years ago

A chamber of commerce is an association made up of?

A. merchants B. manufacturers C. entrepreneurs D. importers Correct Answer: Option C - entrepreneurs Explanation A chamber of commerce (or…

5 years ago

The three components of staffing are?

A. recruitment, interview and appointment B. recruitment, selection and placement C. recruitment, test and placement D. recruitment, procurement and appointment…

5 years ago

A form of money that has gone out of use is?

A. commodity money B. bank money C. paper money D. foreign money Correct Answer: Option A - commodity money Explanation…

5 years ago

On liquidation of a public limited liability company; the residual owners are the?

A. creditors B. debenture shareholders C. preference shareholders D. ordinary shareholder Correct Answer: Option D - ordinary shareholder Explanation Ordinary…

5 years ago

The insurance principle that requires full disclosure of information on the insured is known as?

A. indemnity B. caveat emptor C. subrogation D. uberrimae Fidel Correct Answer: Option D - uberrimae Fidel Explanation Uberrima fides…

5 years ago

A printer that burns the print image into the photosensitive drum is called?

A. dot matrix printer B. laser printer C. daisy wheel printer D. thermal printer Correct Answer: Option B - laser…

5 years ago

The share capital value that forms part of the balance sheet total is the?

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

5 years ago