Divesting government interest in a business to the public is

• A. commercialization
• B. deregulation
• C. privatization
• D. nationalization

The amount of authorized capital that shareholders have subscribed to is

• A. issued share capital
• B. authorized share capital
• C. owner's equity
• D. working capital

A business unit in which profits are shared on the basis of members' patronage is known as

• A. partnership
• B. public limited company
• C. Co-operative society
• D. private limited company

Which of the following defines communication in commerce?

• A. Movement of files
• B. Transmission of information
• C. Movement of people
• D. Storing of information

The divisions of production are

• A. industry,banking and services
• B. industry,manufacturing and services
• C. industry,commerce and services
• D. industry, commerce and services

Which of the following coordinates other factors of production to achieve set objectives?

• A. Land
• B. Labour
• C. Enterprenuer
• D. Capital

One of these is a current asset

• A. machineries
• B. fittings
• C. stock
• D. motor vehicles

Which of the following are the components of commerce? I Trading and advertising II Warehousing and transportation III Packaging and branding IV Insurance and banking

• A. I and II
• B. I and III
• C. I, II and IV
• D. II, III and IV

A postal order, either crossed or open is only valid for a period of?

• A. 12 months
• B. 10 months
• C. 8 months
• D. 6 months

Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that

• A. would be paid to mr Biu if he should discontinue with the policy
• B. would be paid to mr Biu's beneficiary if he dies
• C. is paid annually by mr Biu to the insurance company
• D. the amount mr Biu has paid plus interest