A put option in the stock exchange is an option
- A. to sell
- B. not to sell
- C. to buy
- D. not to buy
which of the following documents is used when goods are being sent by a common carrier
- A. delivery note
- B. consignment note
- C. advice note
- D. credit note
The insurance policy taken to cover dishonesty of account personnel of an organisation is?
- A. employers laibility
- B. fidelity guarantee
- C. life endowment
- D. marine insurance
The reason for sending a proforma invoice to a potential customer is that it is?
- A. an indication of the seller's willingness to grant credit
- B. a polite way of telling the customer to return the goods
- C. an invitation to the buyer to buy on hire purchase
- D. a polite way of refusing to sell on credit
which of the following features is not associated with a chamber of commerce? it is
- A. democratically administered
- B. an independent association
- C. open only to entrepreneurs
- D. a voluntary association
Exchange of goods in international market which does not involve the use of money is a
- A. barter trade
- B. entreport trade
- C. counter trade
- D. bilateral trade
A business which requires a certificate of trading in order to commence operation is a?
- A. co-operative society
- B. private company
- C. sole propietorship
- D. public company
If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?
- A. 1.2 times
- B. 1.5 times
- C. 2.0 times
- D. 7.5 times
The path through which a product moves from the manufacturer to the consumer is a?
- A. channel of communication
- B. line of production
- C. means of transportation
- D. channel of distribution
which of the following statement is true of a debenture?
- A. its holders receive interest
- B. it forms part of a company's authorized capital
- C. its owners are co-owners of the company
- D. its owners control the company
An association of businesses engaged in both trade and industry is a?
- A. co-operative society
- B. trade union
- C. trust fund
- D. chamber of commerce
multilateral trade is carried out
- A. between two countries only
- B. within many countries
- C. among many countries
- D. between neighbouring countries only
The portion of share capital which the company has asked shareholder to pay is?
- A. called-up capital
- B. authorized capital
- C. paid-up capital
- D. unpaid capital
which of the following is a source of short term finance
- A. hire purchase
- B. overdraft
- C. lease
- D. debenture
one disadvantage of a sole proprietorship is?
- A. quick decision making
- B. unlimited liability
- C. pride of ownership
- D. unlimited source of capital
one example of of a product of a construction industry is a
- A. chair
- B. bag of cement
- C. piece of cloth
- D. television
A person authorized to sell the property of a company in a winding up is
- A. an auctioneer
- B. an agent
- C. a liquidator
- D. a bailee
Activities which fascilitates commerce include
- A. engaging youths in environmental sanitation
- B. funding political campaigns
- C. providing recreational facilities
- D. improving road network
A document through which invitation is extended to the public to subscribe to shares is?
- A. article of association
- B. memorandum of association
- C. prospectus
- D. qoutation