If a firm has a turnover of N50 000 and the cost of goods sold is N40 000. What is the percentage of gross profit on sale?
A. 30.5% B. 20.5% C. 20.0% D. 10.0% Correct Answer: Option C – 20.0%
The financial instrument that entitles the holder to receive dividend and capital gains is a?
A. share B. bond C. bill of exchange D. treasury bill Correct Answer: Option A – share
The type of partnership in which all partners are jointly liable in bearing risk is?
A. limited partnership B. partnership-at-will C. ordinary partnership D. industrial partnership Correct Answer: Option C – ordinary partnership
Partnerships are most effective where?
A. the partners are family friends B. professionals are involved C. members can easily raise enough capital D. government regulations are favorable Correct Answer: Option B – professionals are involvedProducts
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