- 1. 1.
Limited liability companies are called ……………………..
A) Joint stock
B) Organization
C) One man business
D) Public Limited Liability
- 2. 2.
Share is a ………… .of ownership of limited liability
A) Profit
B) Unit
C) Capital
D) Money
- 3. 3.
An ……. Is different from it owner
A) Association
B) Manager
C) Shareholders
D) Organization
- 4. 4.
A document that governs the relationship between the company and the members of the public called……………………….
.
A) Document
B) Articles of Association
C) Register
D) Memorandum of Association
- 5. 5.
Whoever takes up a share of company is called……………………..
A) Shareholder
B) Director
C) Auditor
D) Manager
- 6. 6.
The shares of ……………………………… companies cannot be traded in the stock exchange.
A) Unquoted
B) PLc
C) Quoted
D) organization
- 7. 7.
Nigerian stock exchange is a specialize ……………………
A) Market
B) Trade
C) Bill
D) Instrument
- 8. 8.
Bill of exchange is referred to a a ……………………………
A) Document
B) Payment.
C) Money
D) Trade bill
- 9. 9.
Treasury ………………… enables government to borrow money.
A) Share
B) Bill
C) Amount
D) Market
- 10. 10. Maturity date of the amount state on the bill of exchange should not exceed …….days.
A) 21
B) 30
C) 90
D) 10
- 11. 11. Secondary …………. Is a meeting point for buyers and sellers of old securities.
A) Market
B) Articles
C) Company
D) Stock.
- 12. 12. Gross ………………margin shows the percentage total sales that turns out to be gross profit.
A) Net
B) Loss
C) Management
D) Profit
- 13. 13. When members of the public are invited by the directors to take up a share is called ………….
A) subscription
B) Dividend
C) Shareholder
D) Payment
- 14. 14. Share are said to be issued at ………….when the market price is greeter the nominal Price.
A) Par
B) Discount
C) Premium
D) Application.
- 15. 15. When the current market price is less than the nominal price the hare is said to be issued at ………..
A) Allotment
B) Discount
C) Application
D) Par
- 16. 16. Payment of Share can be in full and by …………………………
A) First call
B) Second call
C) Installment
D) Final call
- 17. 17. Net profit …………………… is the profitability ratio that shows the proportion of sales.
A) Margin
B) Cost
C) Stock
D) Average
- 18. 18. Share ………is the excess of market price over the nominal price.
A) Premium
B) Reserve
C) Capital
D) Cash
- 19. 19. Appropriation account is an account that prepared by …………….organization.
A) Credit
B) Cash
C) Incorporated
D) Nominal
- 20. 20. Opening stock plus closing stock is ……………….
A) Share
B) Average stock
C) Turnover
D) Net profit
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