by Sunday | Dec 11 | Commerce JAMB
A. commodity money B. bank money C. paper money D. foreign money Correct Answer: Option A – commodity money Explanation Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in...
by Sunday | Dec 11 | Commerce JAMB
A. creditors B. debenture shareholders C. preference shareholders D. ordinary shareholder Correct Answer: Option D – ordinary shareholder Explanation Ordinary share capital refers to shares that are issued by a company that allows shareholders voting rights...
by Sunday | Dec 11 | Commerce JAMB
A. indemnity B. caveat emptor C. subrogation D. uberrimae Fidel Correct Answer: Option D – uberrimae Fidel Explanation Uberrima fides (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning “utmost good faith” (literally,...
by Sunday | Dec 11 | Commerce JAMB
A. dot matrix printer B. laser printer C. daisy wheel printer D. thermal printer Correct Answer: Option B – laser printer
by Sunday | Dec 11 | Commerce JAMB
A. issued share capital B. called-up share capital C. authorized share capital D. paid-up share capital Correct Answer: Option A – issued share capital Explanation Issued share capital: The total of a company’s shares that are held by shareholders. A...