Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
What is the rate of stock turnover.
- A. 11 times
- B. 6 times
- C. 4.7 times
- D. 4 times
Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
What is the cost of goods sold
- A. D55000
- B. D42,000
- C. D32,000
- D. D28,000
Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
what is the average stock
- A. D12,000
- B. D7,000
- C. D6,000
- D. D5,000
which of the following is not a factor of production
- A. capital
- B. labour
- C. exchange
- D. entrepreneurship
The conversion of raw materials into finished goods is performed by?
- A. extractive industry
- B. service occupation
- C. commercial occupation
- D. the manufacturing industry
when a company sells shares to existing shareholders at preferential rate, this is
- A. a right issue
- B. bonus issue
- C. private placing
- D. issue by introduction
A cheque could be dishonoured as a result of?
- A. same amount in words and figure
- B. insufficient fund
- C. general crossing
- D. regular signature
The facility which is not provide by the port authority is?
- A. berth
- B. warehouse
- C. tarmac
- D. cranes
The main purpose of branding is to?
- A. increase the quantity of goods demanded
- B. increase the selling price of goods
- C. differentiate goods from other similar goods
- D. enhance turnover of goods
A memorandum of association is a document
- A. defining a company's relationship with the public
- B. inviting the public to buy a company's shares
- C. governing the affairs of the partnership
- D. regulating a company's internal affairs
The major division of commerce are?
- A. import, export and transportation
- B. trade, communication and warehouse
- C. import, trade and production
- D. trade and auxiliaries to trade
which of the follwing does not belong to the extractive occupation?
- A. quarrying
- B. carving
- C. mining
- D. agriculture
A business which becomes insolvent may result in
- A. continuity
- B. expansion
- C. liquidation
- D. re-incorporation
The job of the polic in keeping law and order in the society is?
- A. a commercial service
- B. an indirect service
- C. a direct service
- D. a self service
- E. specialized service
commercial activities recieved a great boost in west A frica due to contact with?
- A. Asians
- B. Europeans
- C. Americans
- D. Africans
The purpose of commercialization is to?
- A. encourage the participation of the private sector
- B. make state-owned firms more efficient
- C. encourage the flow of foreign capital
- D. enable state-owned firms pay tax
The concern of a marketing manager whose company has adopted the marketing mix concept is to?
- A. recruit more
- B. make maximum profit
- C. identify and satisfy customers needs
- D. maintain the company's share of the market
The inter bank indebtedness is settled at the
- A. clearing house
- B. money market
- C. discount house
- D. stock exchange
the time allowed for loading and unloading a ship at the harbour is?
- A. demurrage
- B. tenure
- C. lay days
- D. dead freight
one of the aims of the European union is to?
- A. ease trade among member countries
- B. enhance better trade with Africa
- C. enhance free trade with America
- D. offer financial assistance to poor countries
A system of issueing new shares to selected investors instead of the general public is?
- A. public offer
- B. issue by tender
- C. offer for sale
- D. private placement