Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Use the information below to answer question
What is the total fixed capital?
N 570,000
N 570,000
N 575,000
N 675,000
Correct answer is C
No explanation has been provided for this answer.
Bank overdraft as a short term source of fund is
an overdrawn account
granted to a newly opened account
repayable after more than a year
a current liability
Correct answer is A
No explanation has been provided for this answer.
On liquidation of a public limited liability company, the residual owners are the
creditors
ordinary shareholders
preference shareholders
debenture holders
Correct answer is B
Common stockholders also known as ordinary shareholders, are the residual owners because their claim to dividends and receiving compensation in the case of bankruptcy, are at the bottom of the line. This means that, other classes of shareholders get compensated first, and whatever is left is given to the common stock holders.
Residual claim: is the rights of shareholders to the remaining assets once the fixed claims on a business have been met.
Government policies relating to the establishment and operation of business are targeted at
increasing the profit of business owners
the general improvement of the economy
even spread of facilities and employment
diversification and expansion of business
Correct answer is B
No explanation has been provided for this answer.
veritcal and horizontal integration
mergers and acquisition
consortium and almalgamation
trust and cartel
Correct answer is B
No explanation has been provided for this answer.