A company is said to be insolvent when
it makes a loss in any one year
its total liabilities exceed total assets
the ordinary shareholders recieve no dividend from the company
the preference shareholders could not be paid by the company
Correct answer is B
No explanation has been provided for this answer.
The document which regulates the operations of a partnership is known as
Deed
Articles of Association
Prospectus
Certificate of trading
Correct answer is A
No explanation has been provided for this answer.
The safe keeping of goods from the point of production to the time they are needed is
standardizing
warehousing
hoarding
stock controlling
Correct answer is B
No explanation has been provided for this answer.
A public limited company wishing to obtain more capital may have to
apply for subvention
buy treasury bills
buy second-hand securities
issue debentures
Correct answer is D
No explanation has been provided for this answer.
A business unit in which profits are shared on the basis of members' patronage is known as
partnership
public limited company
Co-operative society
private limited company
Correct answer is C
No explanation has been provided for this answer.