Commerce 2015 | Study Mode

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Question 31
A
Production
B
Specialization
C
Creation manufacturing
D
Manufacturing
Explanation
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
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
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
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
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
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
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
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
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
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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