Post Utme Commerce Questions
Question 6:
If a partnership deed is silent on how profits are to be shared. partnerships share profits ____________
- A In a ratio of the value of business secured by each partner for the partnership
- B In the ratio of proportions capital contributions
- C In an equal proportion. irrespective of partners' capital contributions
- D According to duties performed by each partner
Question 7:
One of the implications of the incorporation of a company is that ____________
- A It is more difficult for the company to raise loans
- B The company can sue bit cannot be sued
- C The company's property becomes distinguished from that of its members
- D Its members become liable for all the debt of the company
Question 8:
Rights issue means the ____________
- A Issue of shares to the directors of a company on favourable terms
- B Issue of shares by a company only to the founders of the company
- C Right of shareholders 10 vote on any issue
- D Issue of shares to shareholders on favourable terms
Question 9:
Motivation is an essential element in management because it ____________
- A Leads to the improvement of staff welfare
- B Encourages individuals to work towards achieving organization's objectives
- C Reduces friction among employees in the process of achieving the organization's objectives
- D Helps to eliminate industrial disharmony
Question 10:
Which of the following sets of itens was used for exchange in Nigeria before money was introduced?
- A Cowries. iron rods, brass rods and copper wires
- B Iron rods. copper rods, inanila and cowries
- C Cowries, manila, brass rods and copper wires
- D Copper wires. brass wires, cowries and irons rods