Ade Company Limited has an authorized capital of 80,000 shares of N20 each, out of which 30,000 shares have been fully subscribed by the public and allotted as at 31st March 2006. Other assets and liabilities were:
Creditors 35,000
Motor van 90,000
Buildings 65,000
Stock 60,000
Debtors 15,000
Cash 5,000
You are required to calculate:
(a) Issued capital
(b) Unissued capital
(c) Total Assets
(d) Working capital.
(a) Differentiate between Nationalization and Indigenization.
(b) State six reasons why a country would indigenize some industries.
Explain the following documents used in international trade:
(a) Indent;
(b) Bill of lading
(c) Consular invoice
(d) Certjficate of origin
(e) Bill of exchange.
(a) What is a contract?
(b) List five elements of a valid contract.
(c) Explain four ways by which a contract may be discharged.
(a) Define the term market segmentation.
(b) List six factors that influence market segmentation.
(c) State five advantages of advertising.
(a) Explain five factors affecting the choice of transport of frozen products.
(b) State five disadvantages of air transport.
(a) What is credit?
(b) List and explain six principles of insurance.
(a) What is channel of distribution?
(b) With the aid of diagrams, show four examples of channel of distribution.
(c) Explain five advantages of home trade over foreign trade.
(a) Explain the following:
(i) limited liability (ii) separate legal entity (iii) ceritficate of incorporation (iv) participating preference shares (v) ordinary shares.
(b) State five advantages of public corporation.
(a) The chart above gives the main divisions of Commerce, complete the chart by filling in the blank spaces labeled (i) to (viii).
(b) Explain the following, give one example of each:
(i) Primary production (ii) Secondary production (iii) Tertiary production.
The exclusive right of an author over his book is
- A. Trade mark
- B. Brand name
- C. Copyright
- D. Patent right
The exclusive right of an author over his book is
- A. Trade mark
- B. Brand name
- C. Copyright
- D. Patent right
The document in which full details of goods and the ship carrying the goods are contained is known as
- A. bill of exchange
- B. bill of sight
- C. certificate of origin
- D. shipping advice note
The document in which full details of goods and the ship carrying the goods are contained is known as
- A. bill of exchange
- B. bill of sight
- C. certificate of origin
- D. shipping advice note
Throwing cargo overboard in order to save a ship from sinking is
- A. jettison
- B. abandonment
- C. piracy
- D. flotsam
The functions of credit and thrift society does not include
- A. charging low interest rate on loans
- B. providing savings facilities
- C. encouraging mutual co-operation of members
- D. providing security for member's property
The abbreviation E & O.E. on an invoice seeks to
- A. draw the attention of the buyer to the contents of the document
- B. show that there is no error about price quoted on the invoice
- C. protect the seller against any error on the document
- D. draw the attention of the seller to the contents of the document
The abbreviation E & O.E. on an invoice seeks to
- A. draw the attention of the buyer to the contents of the document
- B. show that there is no error about price quoted on the invoice
- C. protect the seller against any error on the document
- D. draw the attention of the seller to the contents of the document
Industrial occupation does not involve the
- A. growing and extraction of raw materials
- B. use of machinery
- C. construction and manufacturing of goods
- D. movement of people and goods
The size of of profit of a business is measured by the
- A. closing stock
- B. opening stock
- C. total purchases
- D. rate of turnover
The size of of profit of a business is measured by the
- A. closing stock
- B. opening stock
- C. total purchases
- D. rate of turnover