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