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