Commerce Past Questions and Answers

A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is

A #16,000,000
B #10,000,000
C #6,000,000
D #4,000,000

Question 1502:

A document used to advertise shares for sale is

A Prospectus
B Annual report
C Articles of association
D Memorandum of association

Question 1503:

Which of the following refers to a voluntary association that represents a cross-section of business interests in an area?

A Manufacturers Association
B Chamber of Commerce
C Consumers Association
D Employers Association

Question 1504:

Which of the following is used to show that goods imported were produced in an ECOWAS member country

A Insurance policy
B Bill of lading
C Certificate of origin
D Bill of exchange

Question 1505:

Importing goods into a country re-exporting is know as

A Home trade
B Retail trade
C Entrepot trade
D Counter trade