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