Profit that is expressed as a percentage of the cost of goods sold is referred to as
- A. margin
- B. mark-up
- C. gain percent
- D. gross profit
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
The financial index which compares current assets directly with current liabilities is known as current
- A. turnover
- B. capital
- C. ratio
- D. balance
The financial index which compares current assets directly with current liabilities is known as current
- A. turnover
- B. capital
- C. ratio
- D. balance
Factoring is a trade debt term used when the agent buys all the trade debts of the
- A. importers
- B. exporters
- C. nation
- D. customers
Factoring is a trade debt term used when the agent buys all the trade debts of the
- A. importers
- B. exporters
- C. nation
- D. customers
A public limited company can raise long-term loans through
- A. the capital market
- B. the money market
- C. bank overdrafts
- D. discount houses
A public limited company can raise long-term loans through
- A. the capital market
- B. the money market
- C. bank overdrafts
- D. discount houses
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
- A. discounted value
- B. stock value
- C. face value
- D. par value
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
- A. discounted value
- B. stock value
- C. face value
- D. par value
When a company uses more of loans than equity to finance its business, the company is said to be
- A. bankrupt
- B. solvent
- C. highly geared
- D. in a strong liquid position
When a company uses more of loans than equity to finance its business, the company is said to be
- A. bankrupt
- B. solvent
- C. highly geared
- D. in a strong liquid position
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
- A. creditors
- B. debtors
- C. directors
- D. shareholders
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
- A. creditors
- B. debtors
- C. directors
- D. shareholders
The main advantage of a sole trader is the freedom to
- A. employ anyone he likes
- B. seek advice from any source
- C. take quick decisions
- D. plough all the profits back into the business
One of the implications of the incorporation of a company is that
- A. it is more difficult for the company to raise loans
- B. the company can sue but cannot be sued
- C. the company's property becomes distinguished from that of its members
- D. its members become liable for all the debts of the company
The merger of two companies producing the same type of products is an example of
- A. vertical integration
- B. horizontal integration
- C. lateral merger
- D. an acquisition
The merger of two companies producing the same type of products is an example of
- A. vertical integration
- B. horizontal integration
- C. lateral merger
- D. an acquisition