To avoid over fishing in a lake, the following measures may be helpful except

• A. limiting fishing periods
• B. regulating the size of nets
• C. fishing throughout the year
• D. fish breeding exercise

Use the information below to answer this question

SegunOjo, didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, bank overdraft 3500, debtor 15,500,stock 18,000, fittings 9,000 and creditors 12,700. As at Dec, 2014, cash in hand was 1200, cash at bank 2,500, debtors 10,000, stock 20,500, furnishing 4,000 and creditors 17,000

Determine the closing capital 31/12/2014

• A. 17,500
• B. 38,200
• C. 20,700
• D. 27,200

Any action taken by a company outside its stated objective is regarded as?

• A. caveat vendetta
• B. Trepass
• C. ultra vires
• D. uberrimae fidei

The study of economics is necessary mainly because of

• A. Unemployment
• B. Unlimited resources
• C. Scarcity of resources
• D. Overpopulation

A multi-member constituency is one in which

• A. two or more parties are allowed to contest elections
• B. franchise is restricted
• C. the electorate is entitled to vote only once
• D. two or more representatives are elected from one constituency

Before Nigeria became a republic, the highest body charged with the administrator of justice was the

• A. Privy council
• B. High court
• C. Supreme court
• D. Court of appeal

Holding money to take care of contigencies is?

• A. a speculative motive
• B. a transaction motive
• C. a precautionary motive
• D. an expansionary motive

An advantage of FIFO method of stock valuation is that

• A. it serves-as a control during inflation
• B. it is calculated at the end of the year
• C. it is progressive in nature
• D. its flow of cost is in sequence with the flow of stock.

An example of a parasitic protozoan is

• A. Paramecium
• B. Plasmodium
• C. Eughlena
• D. Chlamydomonas

According to Paul’s letter to the Galatians, man ceased to be ‘slave to the elemental spirit of the universe and became ‘children of God’ after

• A. Attaining manhood
• B. becoming Christians
• C. Redemption by Jesus Christ
• D. Rejecting the righteousness of the law