Past Questions And Answers
Farmers can minimize risks association with farming business by
- A. flexible budgeting
- B. adopting farm assurance policy
- C. diversification of farming enterprise
- D. practising monoculture
A seller of vegetables and fruits should be encouraged to value his stock at the end of a period using the
- A) weighted average method
- B) simple average method
- C) FIFO method
- D) LIFO method
Use the information below to answer questions .
Aug. 1 Received 20 units at N60 each
Aug. 6 Received 20 units at N68 each
Aug. 10 Issued 16 units
Aug. 20 Received 40 units at N80 each
Aug. 31 Issued 48 units
Using the FIFO method, what is the value of the closing stock?
- A. N1280
- B. N1184
- C. N1024
- D. N960
A tricycle is
- A. Vehicle
- B. Lorry
- C. Three concentric circles
- D. Truck
The substance least considered as a source of environmental pollution is
- A. Lead compounds
- B. Organophosphorous compounds
- C. Silicate minerals
- D. Uranium
What is the main type of reaction alkenes undergo?
- A. Addition
- B. Condensation
- C. Elimination
- D. Substitutio
In times of rising prices, what effects do the uses of the historical cost concept have on a company's asset values and profit?
- A) Asset values and profit both understated
- B) Asset values and profit both overstated
- C) Asset values understated and profit overstated
- D) Asset values overstated and profit understated
Which of the following organisms feeds both autotrophically and heterotrophically?
- A. Hydra
- B. Paramecium
- C. Mucor
- D. Euglena
The drug usually referred to as marijuana is
- A. cannabis
- B. cocaine
- C. caffeine
- D. heroin
In each of the following sentences, there is one word underlined and one gap. From the list of words lettered A - D, choose the word that is most nearly opposite in meaning to the underlined word and that will, at the same time, correctly fill the gap in the sentences.
The clever lawyer exposed the facts that wereobscure in the case, making the judge see beyond the.............
- A. open
- B. obvious
- C. illustrated
- D. reflected