Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
span of control
unity of command
scalar chain
unity of direction
Correct answer is A
Span of control; is the principle of management that emphasizes the area of activity and number of functions, people, or things for which an individual or organization is responsible.
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
BPE
SEC
NDIC
CBN
Correct answer is B
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market.
arbitage
franco
contango
backwardation
Correct answer is D
Backwardation is a percentage paid by a person selling stock for the right of delaying its delivery.
Cum div differs from ex div in that, the later
entitles the purchaser to recieve a company's current dividend
entitles the vendor to recieve a company's current dividend
confirms a purchase or sale made on behalf of a share holder
is a document used to transfer ownership of shares
Correct answer is A
Cum dividend is the status of a security when a company is preparing to pay out a dividend at a later date. The seller of a stock cum dividend is selling both the right to the share and the right to the next dividend distribution.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value.
A document sent by a broker to his client to confirm a purchase or sale made on his behalf is
delivery note
consignment note
transfer form
contract note
Correct answer is D
Contract note is the legal record of any transaction carried out on a stock exchange through a stock broker.