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.
increase profit of service providers
protect the interest of government
encourage more people into the business
protect the interest of consumers
Correct answer is D
They are there to protect the consumer exploitation by service providers
A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to
protect other lawyers
protect the intergrity of the association
compensate the affected client
prevent the client from sueing the association
Correct answer is B
No explanation has been provided for this answer.
#24,000
#46,500
#62,500
#65,000
Correct answer is C
12,500 x 5 = 62,500
The amount of authorized capital that shareholders have subscribed to is
issued share capital
authorized share capital
owner's equity
working capital
Correct answer is A
Issued and paid up capital represents the shareholders' investment in the company
Which of the following will not be stated in a Memorandum of Association
Name clause
rights of shareholders
object clause
registered office
Correct answer is B
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).