Which of the following is a characteristic of a private company?
There is no limit to the number of members
Shares and debentures are freely offered to the public
Shares are not dealt in on the stock exchange
It cannot commence trading on receipt of certificate of incorporation
there is no statutory general meeting
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a means by which banks facilitate foreign trade?
Currency exchange
Letter of credit
Open market operations
Discounting Bills of exchange
Trade reference
Correct answer is C
No explanation has been provided for this answer.
A credit note for #3,300.00
A debit note for #3000.00
A credit note for #2,700.00
An invoice for #300.00
A debit note for #2,700.00
Correct answer is E
No explanation has been provided for this answer.
An organized market for securities is called
Money Market
Future Market
Stock Exchange Market
Spot Market
Hyper Market
Correct answer is C
No explanation has been provided for this answer.
The cost of goods sold divided by the average stock held during a trading period gives the
gross profit
net profit
net sales
rate of stock turnover
sum of the opening and closing stock
Correct answer is D
No explanation has been provided for this answer.