Which of the following is an advantage of a sole trader?
- A. Guaranteed profit
- B. Quick decision-making
- C. Unlimited liabilty
- D. Buying on credit
The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by
- A. fixed capital
- B. capital employed
- C. paid-up capital
- D. working capital
A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is
- A. D 10,0000,000
- B. D6,000,000
- C. D4,000,000
- D. D2,000,000
The difference between current assets and current liabilities is
- A. Issued capital
- B. capital employed
- C. working capital
- D. nominal capital
A personal computer on sale in an office equipment shop is an example of
- A. stock
- B. fixed asset
- C. liability
- D. fixed capital
Public enterprises are financed mainly by
- A. the shareholders
- B. commercial banks
- C. government grants
- D. mortgage banks
Which of the following is a feature of supermarkets?
- A. Gives credit to reliable customers
- B. Specializes in one line of product
- C. Goods are on display with price tags
- D. Does not have to provide storage facilities
The various rights attached to different classes of shares are stated in the
- A. articles of association
- B. memorandum of association
- C. balance sheet
- D. prospectus
The various rights attached to different classes of shares are stated in the
- A. articles of association
- B. memorandum of association
- C. balance sheet
- D. prospectus
The concept which says that a company’s production policy should be centered on the ultimate user of the product is known as
- A. market segmentation
- B. consumer sovereignty
- C. marketing mix
- D. marketing research
Trade fairs and exhibitions are media of
- A. sales promotion
- B. customer service
- C. market segmentation
- D. advertising
Trade fairs and exhibitions are media of
- A. sales promotion
- B. customer service
- C. market segmentation
- D. advertising
Advertising efforts geared towards a particular audience is known as
- A. mass advertising
- B. direct advertising
- C. persuasive advertising
- D. indirect advertising
Advertising efforts geared towards a particular audience is known as
- A. mass advertising
- B. direct advertising
- C. persuasive advertising
- D. indirect advertising
A contract made between a ship owner and a merchant for the carriage of cargo is
- A. ships' manifest
- B. charter party
- C. freight forward
- D. cargo service
The type of transport a manufacturer will use will be influenced by
- A. type of sales
- B. the tax on the goods
- C. the customer's age
- D. nature of the goods
The type of transport a manufacturer will use will be influenced by
- A. type of sales
- B. the tax on the goods
- C. the customer's age
- D. nature of the goods
“Not Negotiable” on a cheque means
- A. ownership can be transferred to the third party by mere delivery
- B. the cheque can be paid over the counter on endorsement
- C. the holder has no better title than the person person who transfers it
- D. ownership rests with the one who issued the cheque
“Not Negotiable” on a cheque means
- A. ownership can be transferred to the third party by mere delivery
- B. the cheque can be paid over the counter on endorsement
- C. the holder has no better title than the person person who transfers it
- D. ownership rests with the one who issued the cheque
The cost of telephone conversation is determined by
- A. number of words spoken
- B. person sending the message
- C. duration of the conversation
- D. urgency of the message conveyed
The cost of telephone conversation is determined by
- A. number of words spoken
- B. person sending the message
- C. duration of the conversation
- D. urgency of the message conveyed