The part of issued share capital that the company has asked the subscribers to pay for is?
- A. authorized capital
- B. called-up capital
- C. nominal capital
- D. paid-up capital
When the cost of sales is divided by the average stock, the result is?
- A. gross profit
- B. net profit
- C. rate of turnover
- D. working capital
Examples of currents assets are?
- A. cash and trade debtors
- B. cash and trade cresitors
- C. trade debtors, trade creditors and cash
- D. trade creditors and trade debtors
The issue of prospectus by a company is an invitation to members of the public to?
- A. subscribe to the company`s shares
- B. buy the company`s product
- C. attend the company`s boards meeting
An association formed by computer distributors to safeguard and promote their interest is a?
- A. chamber of commerce
- B. cooperative society
- C. trade association
- D. trade union
Which of the following is not a function of a consumer association?
- A. ensuring that consumers buy quality goods
- B. educating consumers on their rights
- C. penalizing importers of fake goods
- D. ensuring that fair prices are charged
The document issued to a public company allowing it to commence business is the?
- A. Article of association
- B. certificate of incorporation
- C. memorandum of association
- D. certificate of trading
A business unit in which savings of members are lent to others is a?
- A. consumer cooperative society
- B. producer cooperative society
- C. credit and thrift society
- D. wholesale cooperative society
One advantage of sole proprietorship is that?
- A. access to large capital is easy
- B. decisions are made promptly
- C. business risks are spread
- D. continuity of business is assured
A partner whose name is used to boost the image of the business and does not contribute capital is a?
- A. dormant partner
- B. general partner
- C. limited partner
- D. nominal partner
production is complete when product reach the?
- A. warehouses
- B. users
- C. retailers
- D. shops
The factor of production which bear all the risk of the business is?
- A. capital
- B. entrepreneurship
- C. labour
- D. land
Which of the following activities is not an example of the extractive industry?
- A. weaving
- B. quarrying
- C. hunting
- D. fishing
A form of money which was not used in the early days to trade is?
- A. tobacco
- B. metal bars
- C. cowries
- D. coins
The types of occupation that a broker belongs to is?
- A. commercial
- B. construction
- C. extraction
- D. manufacturing
Commerce is defined as
- A. buying and selling of goods and services only
- B. all activities in the distribution and exchange of goods and services
- C. all activities involved in the production of goods and services
- D. transporting and warehousing of goods only