A partner without an unlimited liability is known as a?
- A. dormant partner
- B. nominal partner
- C. general partner
- D. active partner
The greatest risk in a business venture is borne by the?
- A. trade creditors
- B. employees
- C. trade debtors
- D. entrepreneurs
The greatest risk in a business venture is borne by the?
- A. trade creditors
- B. employees
- C. trade debtors
- D. entrepreneurs
Which of the following would not be stated in Memorandum of Association?
- A. Name clause
- B. Registered office
- C. Objective clause
- D. Rights of shareholders
When a number of thrift societies come together and are registered, they become a?
- A. holding company
- B. credit union
- C. trade union
- D. consumer association
When a public company receives the certificate of incorporation, this implies that?
- A. it can go ahead and start business
- B. it can no longer sue or be sued
- C. the company finds it difficult to raise capital
- D. the company's assets exist separately from those of its members
When a public company receives the certificate of incorporation, this implies that?
- A. it can go ahead and start business
- B. it can no longer sue or be sued
- C. the company finds it difficult to raise capital
- D. the company's assets exist separately from those of its members
Industry is a branch of production because it?
- A. is a division of commerce
- B. increases utiility of goods
- C. involves the use of machines
- D. deals with its durable goods
Industry is a branch of production because it?
- A. is a division of commerce
- B. increases utiility of goods
- C. involves the use of machines
- D. deals with its durable goods
Which of the following is not a commercial occupation?
- A. Transportation
- B. Warehousing
- C. Banking
- D. Fishing
A worker who processed garri is engaged in?
- A. extracting
- B. manufacturing
- C. exchange
- D. constructing
The scope of commerce is limited to?
- A. home and foreign trade
- B. wholesale and retail trade
- C. trade and aids to trade
- D. wholesale and entrepot