Entrepot trade means?
- A. exchange of goods between two countries
- B. exchange of goods among many countries
- C. exporting goods to be re - imported
- D. importing goods to be re-exported
Which of the following requires services of middlemen?
- A. Technical goods
- B. Expensive goods
- C. Convenience goods
- D. Perishable goods
Which of the following requires services of middlemen?
- A. Technical goods
- B. Expensive goods
- C. Convenience goods
- D. Perishable goods
The refund made by on goods re-exported after being imported is known as?
- A. import duty
- B. export duty
- C. excise drawback
- D. customs drawback
Which of the following is not a function of the retailing?
- A. Buying in bulk and warehousing
- B. Buying and selling in bits to consumers
- C. Advising consumers on the right type of goods
- D. Granting credits to customers
Which of the following is not a function of the retailing?
- A. Buying in bulk and warehousing
- B. Buying and selling in bits to consumers
- C. Advising consumers on the right type of goods
- D. Granting credits to customers
Which of the following is not a function of the retailing?
- A. Buying in bulk and warehousing
- B. Buying and selling in bits to consumers
- C. Advising consumers on the right type of goods
- D. Granting credits to customers
Which of the following is an advantage of large scale retailing?
- A. Decline in personal service
- B. Pilfering
- C. High overhead cost
- D. One-stop shopping
The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?
- A. N49,600
- B. N24,800
- C. N6,200
- D. N3,100
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
- A. N90,000
- B. N60,000
- C. N54,000
- D. N36,000
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
- A. N90,000
- B. N60,000
- C. N54,000
- D. N36,000
In which of the following do shareholders always vote according to their shareholdings?
- A. Partnership
- B. Cooperative society
- C. Public limited company
- D. Public corporation
In which of the following do shareholders always vote according to their shareholdings?
- A. Partnership
- B. Cooperative society
- C. Public limited company
- D. Public corporation
A partner without an unlimited liability is known as a?
- A. dormant partner
- B. nominal partner
- C. general partner
- D. active partner
A partner without an unlimited liability is known as a?
- A. dormant partner
- B. nominal partner
- C. general partner
- D. active partner
A partner without an unlimited liability is known as a?
- A. dormant partner
- B. nominal partner
- C. general partner
- D. active partner
A partner without an unlimited liability is known as a?
- A. dormant partner
- B. nominal partner
- C. general partner
- D. active partner
If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
- A. 75%
- B. 40%
- C. 33%
- D. 25%
They total amount of money actually received by a company out of the issued capital is?
- A. paid - up capital
- B. unissued capital
- C. reserved capital
- D. called-up capital
A partnership without a deed shares profits/losses?
- A. in the ratio of partners' capital
- B. equally among the partners
- C. proportionate to patronage
- D. proportionate to assets introduced
A partner without an unlimited liability is known as a?
- A. dormant partner
- B. nominal partner
- C. general partner
- D. active partner