A public limited company can raise long-term loans through
- A. the capital market
- B. the money market
- C. bank overdrafts
- D. discount houses
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
- A. discounted value
- B. stock value
- C. face value
- D. par value
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
- A. discounted value
- B. stock value
- C. face value
- D. par value
When a company uses more of loans than equity to finance its business, the company is said to be
- A. bankrupt
- B. solvent
- C. highly geared
- D. in a strong liquid position
When a company uses more of loans than equity to finance its business, the company is said to be
- A. bankrupt
- B. solvent
- C. highly geared
- D. in a strong liquid position
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
- A. creditors
- B. debtors
- C. directors
- D. shareholders
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
- A. creditors
- B. debtors
- C. directors
- D. shareholders
The main advantage of a sole trader is the freedom to
- A. employ anyone he likes
- B. seek advice from any source
- C. take quick decisions
- D. plough all the profits back into the business
One of the implications of the incorporation of a company is that
- A. it is more difficult for the company to raise loans
- B. the company can sue but cannot be sued
- C. the company's property becomes distinguished from that of its members
- D. its members become liable for all the debts of the company
The merger of two companies producing the same type of products is an example of
- A. vertical integration
- B. horizontal integration
- C. lateral merger
- D. an acquisition
The merger of two companies producing the same type of products is an example of
- A. vertical integration
- B. horizontal integration
- C. lateral merger
- D. an acquisition
Which of the following information is contained in the Articles of Association of a limited liability company?
- A. Rights and obligations of directors
- B. Objectives of the company
- C. Amount of share capital
- D. Limitation of liability of shareholders.
Which of the following information is contained in the Articles of Association of a limited liability company?
- A. Rights and obligations of directors
- B. Objectives of the company
- C. Amount of share capital
- D. Limitation of liability of shareholders.
If a partnership deed is silent on how profits are to be shared, partners share profits
- A. in the ratio of the value of business secured by each partner for the partnership
- B. in the ratio of partner capital contributions
- C. in an equal proportion irrespective of partners's capital contributons
- D. according to duties performed by each partner
Construction activities include the building of houses and roads as well as
- A. brick laying
- B. shoe making
- C. black smithing
- D. car assembling
In which of the following sets of occupations can an industrial worker be found?
- A. extraction commerce and construction
- B. manufacturing extraction and banking
- C. construction, quarrying and insurance
- D. manufacturing , extraction and construction
In which of the following sets of occupations can an industrial worker be found?
- A. extraction commerce and construction
- B. manufacturing extraction and banking
- C. construction, quarrying and insurance
- D. manufacturing , extraction and construction
The development of commercial activities in Nigeria was facilitated largely by
- A. a good transport system
- B. the indigenization decree
- C. a convenient medium of exchange
- D. a high level of production
The development of commercial activities in Nigeria was facilitated largely by
- A. a good transport system
- B. the indigenization decree
- C. a convenient medium of exchange
- D. a high level of production
The secretariat of the Niger Basin Commission is located at
- A. Ouagadougou, Burkina Faso
- B. Abuja, Nigeria
- C. Niamey, Niger
- D. Bamako, Mali
A firm’s organizational structure would change if
- A. one of the major partner dies
- B. there is excessive competition
- C. there is seasonal variation in demand
- D. the scope of business operation changes