Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

3,012.

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

A.

been issued but have not been paid-up

B.

been applied for but not issued

C.

not been paid-up

D.

not yet been issued

Correct answer is D

No explanation has been provided for this answer.

3,013.

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of

A.

vertical integration

B.

horizontal integration

C.

forward intergration

D.

backward integration

Correct answer is A

No explanation has been provided for this answer.

3,014.

The primary motive behind an individual engaging in production is to?

A.

fully engaged all the factors of production

B.

make available goods and services

C.

meets projected profit

D.

meet basic human needs

Correct answer is C

No explanation has been provided for this answer.

3,015.

A common requirement for public and private limited companies in Nigeria is that

A.

a shareholder cannot transfer his shares to someone else without permission from other shareholders

B.

their annual account are made available to the Corporate Affairs Commision

C.

shares can be offered for sale on the stock exchange

D.

shares can be offered for sale through an issuing house

Correct answer is B

No explanation has been provided for this answer.