In the event of a limited liability company going into liquidation each
Shareholder may lose the maximum of the amount he has invested
Shareholder loses nothing
Shareholder loses everything including his house
Shareholder’s liability becomes unlimited
Shareholder will lose the amount he has invested plus a proportion of his bank account
Correct answer is A
No explanation has been provided for this answer.
Division of labour has many advantages, notwithstanding, it is greatly limited by
Monotony of work
Decline of craftsmanship
Risk of unemployment
Extent of market demand
Boredom
Correct answer is C
No explanation has been provided for this answer.
The supply of loanable funds is significantly influenced by
Commercial Banks
Mortgage Banks
Financial Intermediaries
The Central Bank
Insurance Companies
Correct answer is C
No explanation has been provided for this answer.
The maintenance of general economic stability in the country necessarily relies heavily on
Federal fiscal policy
Coordinated federal, state and local fiscal policies
Tax and revenue policies of state governments
Federal grants to state and local government
Federal grants to local governments
Correct answer is B
No explanation has been provided for this answer.
Public expenditure creates expansionary effects in the economy when it is
In excess of government revenue
Channeled into capital products
Diverted into imports
Financed through part of the year's total collection of taxes
Correct answer is B
No explanation has been provided for this answer.