A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have
- A. been issued but have not been paid-up
- B. been applied for but not issued
- C. not been paid-up
- D. not yet been issued
Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of
- A. vertical integration
- B. horizontal integration
- C. forward intergration
- D. backward integration
The primary motive behind an individual engaging in production is to?
- A. fully engaged all the factors of production
- B. make available goods and services
- C. meets projected profit
- D. meet basic human needs
A common requirement for public and private limited companies in Nigeria is that
- A. a shareholder cannot transfer his shares to someone else without permission from other shareholders
- B. their annual account are made available to the Corporate Affairs Commision
- C. shares can be offered for sale on the stock exchange
- D. shares can be offered for sale through an issuing house
Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.
Babalawee is ___________?
- A. a claimant
- B. a manager
- C. an assessor
- D. a reciever
Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.
after paying the debts of aboki Plc, the balance goes to?
- A. Aboki Plc
- B. Babalawee
- C. shareholders
- D. creditors
Commerce makes it possible for man to live in a
- A. complex and organized society
- B. society characterized by subsistency
- C. society characterized by dependency
- D. simple and organized society
The conversion of raw material into finished products creates
- A. Marginal utility
- B. Place utility
- C. form utility
- D. time utility