Commerce 2015 | Study Mode

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Question 31
A
Production 
B
Specialization 
C
Creation manufacturing 
D
Manufacturing 
Explanation.
Share Answer Specialization is the act of concentrating resources and efforts into the production of relatively few commodities by an individual, firm or a country

Correct Option:
B
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Question 32
A
vertical and horizontal integration 
B
Mergers and Acquisition 
C
Consortium and imagination 
D
Trust and Cartel 
Explanation.
Share Answer in merger and acquisition the firms coming together are independent of one another as is not correct because they are types of merge.

Correct Option:
B
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Question 33
A
Data Access Systems Device 
B
Direct Access Systems Device 
C
Data Access Storage Device 
D
Direct Access Storage Device 
Explanation.
Share Answer Option C is the correct answer because it is a magnetic storage unit, in which the access mechanism and storage medium can be positioned directly at the addresses sought to read or write specific data items.

Correct Option:
C
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Question 34
A
A good storage system 
B
Availability of market 
C
Increase in production 
D
Activities 
Explanation.
Share Answer Is good storage system makes it possible for goods produced ahead of time to be stored until they are needed.

Correct Option:
A
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Question 35
A
Securities and Exchange Commission 
B
Second tier Security Market 
C
Foreign exchange Market 
D
Second tier foreign Exchange market 
Explanation.
Share Answer it is a market for buying and selling shares of small and medium scale companies,

Correct Option:
B
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Question 36
A
Economic, Social and legal 
B
Political, Culture and Labour 
C
Competition, Labour and Political 
D
Competition, Industry and Product. 
Explanation.
Share Answer these elements affect the operation of business eternally factor which can affect the operations of the business.

Correct Option:
A
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Question 37
A
Is unable to declare and pay dividend. 
B
Has a higher number of share holder 
C
Is unable to offer shares to the public. 
D
pays higher salaries to its member 
Explanation.
Share Answer the former does allow members of the public to subscribe to its shares.

Correct Option:
C
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Question 38
A
debenture 
B
a bond 
C
a term loan 
D
an overdraft 
Explanation.
Share Answer it is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture

Correct Option:
A
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Question 39
A
Cash, work-in-progress and debtors 
B
Cash, Vehicles, land and building 
C
debtors, stocks of raw materials and fitting 
D
Prepayments, debtors and equipment 
Explanation.
Share Answer circulating capital is the amount of many used for day-to-day running of the business. It is the capital available to a firm for general purpose after current liabilities have been deducted. It is the excess of current liabilities over the current liabilities

Correct Option:
A
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Question 40
A
N4,000,000 
B
N5,000,000 
C
N7,500,000 
D
N2,500,000 
Explanation.
Share Answer From the calculation made we arrived at the answer and using the formula.

Nominal capital is the same as authorized x capital

The price per share is 50K

Authorized share capital

=N5000000 x 0.50K

= N2,500,000

Correct Option:
D
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