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.
pre-emptive right
shareholders right
ex-dividend right
over-subscription right
Correct answer is B
No explanation has been provided for this answer.
Which of the following statement is true of preferred stockholders?
They have no voting rights at annual general meetings
They first claim company asset before creditors
The have first claim to company asset after all debts have been settled
They share dividends equally with common shareholders
Correct answer is A
No explanation has been provided for this answer.
Which of the following is an example of a conglomerate?
National Electric Power Authority
United Africa Company Nigeria Plc
The Nigeria Railway Corporation
First Bank of Nigeria Plc
Correct answer is B
No explanation has been provided for this answer.
A source of capital to private limited companies is shares issued to
the public
selected persons
members of the borad of directors
dedicated members of staff
Correct answer is B
No explanation has been provided for this answer.
Which of the statements below is true of Mr Abayomi?
He can assign his shares to another without consent of other partners
He cannot take part in the management of the business
His actions as a limited partner can bind the firm
His death will automatically dissolve partnership
Correct answer is C
No explanation has been provided for this answer.