(a) Explain the following types of capital (i)Authorized capital (ii) Liquid capital
(b) the following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020
|
Equipment |
I50,000 |
|
Cash at bank |
25.000 |
|
Creditors |
120.000 |
|
Debtors |
150 000 |
|
Stock as at 1/03/20 |
30.000 |
|
Motor van |
300,000 |
|
Fixtures and fittings |
40,000 |
|
Overdraft |
45.000 |
|
Stock as at 31/ 03/ 20 |
25,000 |
Calculate: (i) Fixed assets. (ii) Current liabilities: (iii) Current assets: (iv) Working capital (v) Average stock
(a) What is an economic grouping?
(b) State three objectives of each of the following organizations
I) Lake Chad Basin Commission
ii) ECOWAS
Iii) Niger Basin Commission
Madam Fana, the human resources manager of Baku limited, is due to start her annual leave. She wishes to assign one of her assistants to perform her duties in her absence.
(i) identify and explain the organizational principle on which Madam Fana has based her decision
(ii) State four duties of Madam Fana in Baku limited.
(iii) Explain the following management functions: (a) Planning: (b) Organizing (c) Directing: (d) Controlling
(a) What is Entrepot Trade?
(bi)Differentiate between a Bill of Lading and Consignment Note
(bii) Explain the use of bill of sight in foreign trade
(c) State five reasons for the criticism against Advertising
(a) List five Means of payment in Home Trade
(b) Explain ways computers could be useful to a Motor vehicle seller
(a) State four functions of Money:
(b)Explain how the following operators function on a stock exchange
Differentiate between the following pairs of terms: (i) Interest and profit: (ii) Share and denture (iii) Ordinary share and preference share (iv)Cumulative preference share and participating preference share (v) Cum div and ex div
Differentiate between a merger and an acquisition.
Explain five ways commerce is important in the life of a nation
One of the aims of ECOWAS is to
- A. provide a market for stocks and shares
- B. have a common political system
- C. foster exchange of goods and services
- D. create a common transport policy
The concept of determining the objectives of a business and stating how they can be actualized is
- A. directing
- B. motivating
- C. organizing
- D. planning
An inventor of a new machine for canning tomatoes can protect his product by
- A. obtaining a trademark
- B. obtaining a patent
- C. labelling the product
- D. choosing a brand name
An objective of the European Union is to
- A. eliminate drug addiction in member countries
- B. eliminate tariffs and quotas among member countries
- C. encourage migrant workers from developing countries
- D. fight against child abuse in developing countries.
The income generated from tourism forms part of the country’s
- A. visible imports
- B. visible exports
- C. invisible imports
- D. invisible exports
Trade fairs and exhibitions are media of
- A. sales promotion
- B. market segmentation
- C. market research
- D. Customer service.
The practice of making a state firm more profit-oriented is
- A. privatization
- B. nationalization
- C. deregulation
- D. commercialization
A disadvantage of privatization is that
- A. there is reduction in the quality of goods
- B. there is incipiency in the supply of goods
- C. the existence of monopoly is high
- D. the profit motive outweighs public interest
The saying that the ‘consumer is always right’ describes the doctrine of
- A. caveat emptor
- B. consumer sovereignty
- C. consumer protection
- D. proximate cause
Which of the following is responsible for protecting consumers against poor quality goods
- A. Industrial tribunal
- B. Manufacturers associations
- C. Standard organization of Nigeria
- D. Trade associations
One of the roles performed by middle managers is
- A. formulation of objectives and strategies
- B. implementation of organizational plans
- C. review and appraisal of operational results
- D. review of master plans, programmes, and budgets
The transfer of a government company to the public is
- A. commercialization
- B. localization
- C. deregulation
- D. privatization
A person who is for the purpose of bringing his principal into contractual relationship with third parties is
- A. a merchant
- B. a consignee
- C. a consignor
- D. an agent