The operations of a private company is guided by the
- A. deed
- B. certificate of trading
- C. certificate of incorporation
- D. company's act
The operations of a private company is guided by the
- A. deed
- B. certificate of trading
- C. certificate of incorporation
- D. company's act
Contributing money to buy equipment for making and marketing a product is a feature of
- A. thrift societies
- B. public limited companies
- C. consumers' cooperatives
- D. producers' cooperatives
Contributing money to buy equipment for making and marketing a product is a feature of
- A. thrift societies
- B. public limited companies
- C. consumers' cooperatives
- D. producers' cooperatives
Public enterprises are financed mainly by
- A. the shareholders
- B. commercial banks
- C. government grants
- D. The World Bank
Which of the following is best organized as a partnership?
- A. Drilling and marketing of crude oil
- B. Brewing and distribution of beer
- C. Designing and building of houses
- D. Assembling and marketing of vehicles
Where a limited partner exists in a partnership
- A. no active partner is needed
- B. other partners must be nominal
- C. at least one ordinary partner must be there
- D. at least one member must be a legal practitioner
Where a limited partner exists in a partnership
- A. no active partner is needed
- B. other partners must be nominal
- C. at least one ordinary partner must be there
- D. at least one member must be a legal practitioner
The rate at which the country’s import exchanges for its export is known as
- A. Terms of trade
- B. Balance of trade
- C. Rate of exchange
- D. Terms of exchange
The rate at which the country’s import exchanges for its export is known as
- A. Terms of trade
- B. Balance of trade
- C. Rate of exchange
- D. Terms of exchange
The staff responsible for the calculations of probability of losses in insurance is the
- A. Actuary
- B. Underwriter
- C. Broker
- D. Solicitor
The staff responsible for the calculations of probability of losses in insurance is the
- A. Actuary
- B. Underwriter
- C. Broker
- D. Solicitor
Which of the following is not required in the mail order business?
- A. Warehouse
- B. Catalogue
- C. Display room
- D. Post office
A partnership cannot raise its capital by
- A. selling shares to the public
- B. personal contribution of partners
- C. admission of new partners
- D. undistributed profits
Who among the following does not render direct service?
- A. Teachers
- B. Musicians
- C. Doctors
- D. Retailers
Who among the following does not render direct service?
- A. Teachers
- B. Musicians
- C. Doctors
- D. Retailers
Which of the following is classified as an extractive industry ?
- A. Digging for minerals
- B. Digging for roads building
- C. Canning of Tomatoe puree
- D. Assembling of cars
Which of the following is classified as an extractive industry ?
- A. Digging for minerals
- B. Digging for roads building
- C. Canning of Tomatoe puree
- D. Assembling of cars
The ancillary to trade which ensures that people gain access to facts pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
The ancillary to trade which ensures that people gain access to facts pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?
- A. Pounds and shillings
- B. Copper manillas
- C. Iron bars
- D. Cowries