Use the information above to answer questions
Find the current ratio
- A. 1.53:1
- B. 1, 85:1
- C. 0. 87: 1
- D. 0, 50:1
Use the information above to answer questions
What is the owners’ equity?
- A. N 250 000
- B. N 300 000
- C. N 420 000
- D. N 200 000
Public debt management is one of the functions of a?
- A. merchant bank
- B. central bank
- C. commercial bank
- D. development bank
A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?
- A. a denbenture
- B. a bond
- C. a term loan
- D. an overdraft
Money can simply be referred to as a?
- A. medium of exchange
- B. means for the settlement of debts
- C. durable assets for doing business
- D. standard of value
The body with the responsibility to register shares for subscription on the stock market in Nigeria is the?
- A. Securties and Exchange Commission
- B. Nigerian Stock Exchange
- C. Nigerian Deposit Insurance Company
- D. Central Bank of Nigeria
An essential factor for evaluating the different sources of funds for a business is the?
- A. decree establishing the business
- B. ownership structure of the business concern
- C. size and the type of the business
- D. burden of cost and repayment
A source of short-term finance to companies is?
- A. share capital
- B. debentures
- C. retained earnings
- D. corperate tax
Banks are engaged in the business of buying and selling of?
- A. bills of exchange
- B. instruments of credit
- C. intangible products
- D. land
The most widely used computer language that focuses on solving science-oriented problems is?
- A. FORTRAN
- B. BASIC
- C. ADA
- D. COBOL
The protection of consumers against exploitation by manufacturers is to ensure?
- A. thaty there are varieties of product
- B. that the right quality of goods and services is sold
- C. increase in production capacity
- D. increase in the level of consumers awareness
The market structure, business conditions and financial system in Nigeria constitute the?
- A. economic enironment
- B. political environment
- C. cultural environment
- D. technological environment
The device which interprets and carries out the instructions presented to it by the computer program is known as?
- A. software
- B. microprocessor
- C. mouse
- D. hard-disk
A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is?
- A. increase in wages
- B. employment generation
- C. information technology
- D. revenue generation
Electronic computers differ and minimize errors in a?
- A. faster and more accurate manner
- B. more organized manner
- C. faster but less accurate manner
- D. slower but more accurate manner
Privatization is concerned with?
- A. equal ownership between the public and the governement
- B. thje dilution of ownership among the public
- C. the individual ownership of companies
- D. governement ownership of companies
The ECOBANK is the initiative of?
- A. some well-meaning Nigerian shareholders
- B. the Federal Government of Nigeria
- C. West African states tto foster trade
- D. the Lagos State Governement to enhance capital mobilization
Social responsibility of an organization to?
- A. tackle the socio-economic problem of its community
- B. meet the needs of its community
- C. contribute to sustaining and developing its community
- D. operate without disrupting the very essence of the enviroment
The act of a person employing another to enter into a contract on his behalf is known as?
- A. business
- B. sale of goods
- C. bilateral agreement
- D. agency
The government policy thrust on the business environment is to?
- A. promote experts
- B. attract investors
- C. be self-sufficient
- D. increase production
The assembling of products into usable forms is known as?
- A. construction
- B. manufacturing
- C. formation
- D. creation