An agent who takes possession of goods and sells in his own name but does not guarantee payment is known as?
A. del credere-agent B. general agent C. broker D. factor E. special agent Correct Answer: Option D – factor
From the following figures in the accounting books of XY company, calculate its working capital : stock #2,000; cash #1,500; Creditors #1,000; Bank overdraft #1,400
A. #5,900 B. #1,900 C. #1,100 D. #900 E. #100 Correct Answer: Option C – #1,100
Who among the following has no right of ownership to a business organization?
A. Shareholder B. Entrepreneur C. Partner D. Debenture holder E. Sole-proprietor Correct Answer: Option D – Debenture holder
The imposition of high tariff on imported goods by the customs authority is to?
A. protect businessmen B. encourage imports C. encourage the consumption of foreign goods D. discourage exports E. protect infant industries Correct Answer: Option E – protect infant industriesProducts
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Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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Co-Ownership Structures and Land Acquisition Methods in Nigeria
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Rights in Community Land and Fundamental Land Concepts in Nigeria
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Customary Land Control and the Origins of Nigeria's Land Use Act
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Land Ownership Principles and Transaction Laws in Nigeria
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