Commerce Past Questions And Answers
1811
The purpose of commercialization is to
- A. make state-owned firms more efficient
- B. enable state-owned firms pay tax
- C. encourage the flow of foreign capital
- D. encourage greater participation of the private sector
1812
A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is
- A. D 10,0000,000
- B. D6,000,000
- C. D4,000,000
- D. D2,000,000
1813
The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by
- A. total assets less total liabilites
- B. total assets less current liabilities
- C. current assets less stock
- D. current assets less current liabilities
1814
The types of occupation that a broker belongs to is?
- A. commercial
- B. construction
- C. extraction
- D. manufacturing
1815
Life assurance premium is determined by the assured's
- A. educational level
- B. age
- C. reputation
- D. number of children
1816
A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called
- A. cash discount
- B. trade discount
- C. commission
- D. bonus
1817
The term utmost good faith in insurance means?
- A. both the insured and insurer must disclose all information
- B. only the insurer must disclose all information
- C. the beneficiary must disclose all information
- D. only the insured must disclose all information
1818
Total assets minus current liability is equal to a company's
- A) Gross profit
- B) Net profit
- C) capital owned
- D) capital employed
1819
Which of the following is legal tender
- A. Bank notes
- B. Bank drafts
- C. Central bank cheque
- D. Traveller's cheque
1820
Securities that entitle the investor to coupon rates are
- A. bonds
- B. equities
- C. warrants
- D. treasury bills