Commerce 2008 Jamb Examination
Question 11
A cartel is an association of producers that agree to regulate supply and price of a commodity. OPEC, the Organization of Petroleum Exporting Countries, is a cartel because it coordinates petroleum policies among member countries. Therefore the correct option is A.
Not clear enough?
Question 12
Retained profits are funds generated from within the business. They are the cheapest source of finance because they do not attract any cost of raising or servicing. Therefore the correct option is B.
Not clear enough?
Question 13
Capital employed refers to the total long-term funds available to a business for investment. It is made up of owners' equity (shareholders funds) and long-term debts. Therefore the correct option is A.
Not clear enough?
Question 14
The central bank controls liquidity in commercial banks by adjusting the cash reserve ratio, which determines the proportion of deposits that must be kept as reserves. Therefore the correct option is C.
Not clear enough?
Question 15
A domiciliary account is an account maintained with a commercial bank that allows transactions in foreign currencies. Therefore the correct option is C.
Not clear enough?
Question 16
When traders extend credit, more customers are able to buy, leading to increased sales volume. Therefore the correct option is C.
Not clear enough?
Question 17
A stag is an investor who applies for new shares of a company with the intention of reselling them quickly at a premium when they are listed. Therefore the correct option is D.
Not clear enough?
Question 18
A warrant combines features of both debt and equity. It gives the holder the right to purchase shares at a set price, thus having debt-like and equity-like elements. Therefore the correct option is B.
Not clear enough?
Question 19
Chain stores are a group of similar shops under one ownership that operate in different locations, selling standardized products. Therefore the correct option is B.
Not clear enough?
Question 20
A bonded warehouse is used to store imported goods on which customs duties have not yet been paid until they are cleared. Therefore the correct option is B.
Not clear enough?
You might like
In error handling terminology, the act of raising an imaginary error flag to signal that something has gone wrong is commonly called 'raising' or __________ an error.
Although it is not shown in normal view, to view a header, click ___ on the menu bar and then click Header and Footer ?
Select the word-pair in which the two words are related in the same way as are the two words in the given word-pair. Mammal : Bear ?
In a basket, there are 6 grapes, 11 bananas and 13 oranges. If one fruit is chosen at random. What is the probability that the fruit is either a grape or a banana
A family plans to spend a month driving around Scottish cities where the average cost of a gallon of petrol is £4.75. If the family drive 1,500 miles in their Velvo, what would be the family’s total petrol costs (to the nearest £)?