A public limited company is regarded as a legal entity because
it can sue and be sued
it cannot be liquidated
it has a memorandum of association
the death of the largest shareholder cannot bring it to an end
the government grants it licence
Correct answer is A
No explanation has been provided for this answer.
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
boat
ferry
liner
tanker
tramp
Correct answer is E
No explanation has been provided for this answer.
Which of the following is NOT a component of trade?
Auction
Bilateral
Multi-lateral
Retail
Wholesale
Correct answer is A
No explanation has been provided for this answer.
The most common form of business unit in West Africa is
co-operative society
joint stock company
partnership
public corporation
sole proprietor-ship
Correct answer is E
No explanation has been provided for this answer.
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
a deposit is
a quarter of the total price is
half of the total price is
the final instalment is
two instalment have been
Correct answer is D
No explanation has been provided for this answer.