NECO Commerce Past Questions & Answers - Page 38

186.

A share ducted “Cum div”, means that the dividend for the current year will be paid to the

A.

buyer of the shares

B.

broker of the shares

C.

jobber of the shares

D.

seller of the shares

E.

stock exchange authority

Correct answer is A

No explanation has been provided for this answer.

187.

Organizational chart is a diagram showing the

A.

flow of authority and responsibilities in a organization

B.

offices of both subordinates and officials

C.

organization of staff in an organization

D.

positions of workers in an organization

E.

span of management control

Correct answer is A

No explanation has been provided for this answer.

188.

The act of bringing a privately owned business under exclusive state ownership and control is referred to as

A.

commercialization

B.

indigenization

C.

nationalization

D.

privatization

E.

rationalization

Correct answer is C

No explanation has been provided for this answer.

189.

Who takes the initial step to form a company prior to its incorporation?

A.

Company secretary

B.

Managing director

C.

Promoter

D.

Registrar of company

E.

shareholder

Correct answer is C

No explanation has been provided for this answer.

190.

A document which can be used for both internal and external trade is

A.

bill of exchange

B.

GIRO

C.

I.O.U

D.

portal orders

E.

promising note.

Correct answer is A

No explanation has been provided for this answer.