The cheapest source of funds available to a company is through?
the sale of shares
retained profits
the sale of bonds
lease financing
Correct answer is B
Retained earnings are a portion of a company's profit that is held or retained from being distributed or paid out to investors, but rather re-invested into the business. This is one of the cheapest sources of funds for a business because it doesn't come at an extra cost. That is, the business will not be required to pay interest on the funds.
OPEC
ECOWAS
AU
EU
Correct answer is A
A cartel is where two or more businesses agree not to compete with each other. The businesses agree not to compete with each other. Example the OPEC
A proposed company may not be registered if?
the name conficits with that of another
it does not put 'limited' after its proposed name
it has no paid-up capital
it has no asset of its own
Correct answer is A
One of the criteria for getting your business name registered by the corporate affairs commission is that it must be a unique and distinct name, different from an already existing business name. This means that whatever name you choose, must not conflict with that of another.
A document which gives a legal status to a company is the certificate of?
incorporation
trading
commencement of business
business registration
Correct answer is A
A certificate of incorporation is a document given by the companies' regulation agency of a country (in Nigeria's case this is the Corporate Affairs Commission – CAC) as evidence of the existence of a company, and its right to do business.
The promotion of savings culture is a feature of a?
trade association
consumers' cooperative society
thirft cooperative society
business association
Correct answer is C
Thrift Cooperative is a voluntary association of individuals who come together to meet their savings, credit, and insurance needs. One of the major purposes of forming these associations is to encourage saving cultures amongst its members.