Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a
- A. debit note
- B. credit note
- C. voucher
- D. receipt
If a share is sold at a price below its face value, it is sold
- A. above par
- B. at a discount
- C. at par
- D. at premium
Which of the following is not a feature of a self-service store?
- A. it is found mainly in urban areas
- B. it offers steady employment opportunities
- C. Goods carry price tags
- D. it operates on a large floor space
Which of the following is not a feature of a self-service store?
- A. it is found mainly in urban areas
- B. it offers steady employment opportunities
- C. Goods carry price tags
- D. it operates on a large floor space
Centralized buying and decentralized selling are features of
- A. cooperative wholesalers
- B. department stores
- C. mail order business
- D. multiple stores
Centralized buying and decentralized selling are features of
- A. cooperative wholesalers
- B. department stores
- C. mail order business
- D. multiple stores
A popular product priced low to attract a larger number of buyers to a shop is called
- A. loss leader
- B. capital good
- C. seasonal good
- D. price ring
Who is responsible for the payment of the bill in a documentary credit
- A. Exporter
- B. Importer
- C. Importer's bank
- D. Exporter's bank
The content of a bill of lading does not include the
- A. name of the shipper
- B. date and place of shipment
- C. name and destination of the vessel
- D. demurrage payable
Which of the following is a function of the small retailer?
- A. Financing manufactures
- B. Warehouse of goods
- C. Branding of goods
- D. Selling to consumers
Importing goods into a country re-exporting is know as
- A. home trade
- B. retail trade
- C. entrepot trade
- D. counter trade
Which of the following is used to show that goods imported were produced in an ECOWAS member country
- A. Insurance policy
- B. Bill of lading
- C. Certificate of origin
- D. Bill of exchange
Which of the following refers to a voluntary association that represents a cross-section of business interests in an area?
- A. Manufacturers Association
- B. Chamber of Commerce
- C. Consumers Association
- D. Employers Association
A document used to advertise shares for sale is
- A. prospectus
- B. annual report
- C. articles of association
- D. memorandum of association
A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is
- A. #16,000,000
- B. #10,000,000
- C. #6,000,000
- D. #4,000,000
The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by
- A. total assets less total liabilites
- B. total assets less current liabilities
- C. current assets less stock
- D. current assets less current liabilities
If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is
- A. 20 times
- B. 15 times
- C. 12 times
- D. 7.5 times
A company may be wound up when
- A. there is a disagreement among the directors
- B. there are too many shareholders
- C. many of the share holders die
- D. its product competes with that of the government
Which of the following gets extra dividend after its due fixed rate of dividend
- A. Preference shares
- B. Cumulative preference shares
- C. Ordinary shares
- D. Participating preference shares
The various rights attached to different classes of shares are stated in the
- A. articles of association
- B. memorandum of association
- C. balance sheet
- D. prospectus
The various rights attached to different classes of shares are stated in the
- A. articles of association
- B. memorandum of association
- C. balance sheet
- D. prospectus