Determine the owner’s equity
- A. N 38 000 000
- B. N 20 000 000
- C. N 42 000 000
- D. N 25 000 000
What is the net working capital?
- A. N 6 000 000
- B. N 16 000 000
- C. (N 11 000 000)
- D. N 25 000 000
The scope of economic activities can be enlarged by
- A. transportation and trading
- B. business and its promotion
- C. trading and aids to trade
- D. insurance and banking
Which of the following best describes inputs for any production activity?
- A. Natural resources
- B. Bussiness resources
- C. Human resources
- D. Material resources
The body regulating the sale and purchase of shares in Nigeria is the?
- A. Corporate Affairs Commision
- B. Securities and Exchange Commision
- C. Securities and Exchange Tribunal
- D. Nigeria Stock Exchange
A credit instrument which also serves as a legal tender is?
- A. cheque
- B. paper money
- C. voucher
- D. money order
A new company requiring a large amount of equity finance may source funds from the?
- A. capital market
- B. central bank
- C. money market
- D. commercial banks
The selling of new shares to existing shareholders is referred to as?
- A. public issue
- B. offer for sale
- C. rights issue
- D. bonus issue
The central bank controls the quantity of money in circulation through?
- A. open-market operations
- B. decreasing the tax rate
- C. issuing new currencies
- D. increasing the tax rate
Which of the is a risk-free security?
- A. Preference share
- B. Ordinary share
- C. Treasury bill
- D. Debenture
The difference between the buying and selling price of shares is known as?
- A. brokerage
- B. margin
- C. jobber's turn
- D. gross profit
The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?
- A. unit of account
- B. measure of value
- C. store of value
- D. medium of exchange
A major benefit a debtor can derive from using a credit facility is?
- A. better service
- B. goodwill
- C. convenience
- D. control
The sale of of foreign investment and gold reserves can be used to?
- A. correct adverse balance of trade
- B. increase invisible imports
- C. correct adverse balance of payment
- D. correct a budget deficit
The abbreviation C and F indicate that the?
- A. production cost excludes the cost of carriage
- B. selling price includes the cost of carriage
- C. cost of production includes dilivery charges
- D. cost price includes the cost of carriage
A share premium is an example of?
- A. issued capital
- B. capital stock
- C. equity capital
- D. capital reserve
The traditional way of paying cooperative dividend is to distribute profit in proportional to members’?
- A. subscriptions
- B. total savings
- C. volume of purchase
- D. contributions
Which of the following requires payment into the payee’s account?
- A. Crossed cheque
- B. Traveller's cheque
- C. Open cheque
- D. Certified chegues
A major setback of international trade is?
- A. inadequate exports
- B. economic sanctions
- C. devaluation of currency
- D. exchange rate appreciation
The major function of a trade association is that it?
- A. liases with foreign trade associations
- B. helps to promotes foreign trade
- C. facilitates members' access to credit facilities
- D. helps to promote research on behalf of members
A written agreement for hiring a ship for transporting goods is a?
- A. consular invoice
- B. bill of lading
- C. charter party
- D. certificate of origin