Commerce

The business organisation in which shareholders have equal votes is?

A. sole proprietorship B. partnership C. cooperative D. limited liability company Correct Answer: Option C - cooperative Explanation The business…

5 years ago

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

A. omission B. commission C. transposition D. principle Correct Answer: Option C - transposition Explanation A transposition error is a…

5 years ago

Transportation; retailing and wholesaling industries rely heavily on?

A. banking B. insurance C. manufacturing D. railway Correct Answer: Option C - manufacturing Explanation In the field of marketing,…

5 years ago

When it becomes necessary to liquidate a company; the first step to be taken is the appointment of a?

A. a receiver B. an auditor C. an account D. a liquidator Correct Answer: Option D - a liquidator Explanation…

5 years ago

Taking a new product to a particular part of the country to test the reaction of consumers to the product is referred to as?

A. sales promotion B. sampling C. merchandising D. advertising Correct Answer: Option A - sales promotion Explanation Sales Promotion is…

5 years ago

Consumer sovereignty means that the consumer is?

A. a citizen B. always independent C. always wrong D. always right Correct Answer: Option D - always right Explanation…

5 years ago

The direct authority of a superior over his subordinate is known as?

A. staff authority B. line authority C. line and staff authority D. lateral authority Correct Answer: Option B - line…

5 years ago

Rights issue means the?

A. issue of shares to the directors of a company. B. issue of shares by a company only to the…

5 years ago

The main objective of corporate mergers is to?

A. minimize the effect of taxation B. increase financial advantage C. facilitate profit maximization D. enhance economies of scale Correct…

5 years ago

When does production ends?

A. When the goods are distributed to the wholesalers B. When the goods reaches the retailer C. When the goods…

5 years ago