Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

Published by on

Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

Hello and Welcome to Commerce Practice Tests - Business Capital and Profits

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible
1. 


A major benefit a debtor can derive from using a credit facility is _______

A. goodwill      B. better service     C. control     D. convenience

2. 


A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as ______

A. a bond     B. an overdraft     C. a debenture     D. a term loan

3. 


A source of short-term finance to companies is ______

A. debentures     B. retained earnings     C. corporate tax     D. share capital

4. 


The share capital value that forms part of the balance sheet total is the ______

A. issued share capital
B. called-up share capital
C. authorized share capital
D. paid-up share capital.

5. 



What is the acid ratio? (JAMB 1998)

A. 2:95:1      B. 4:25:1      C. 4:75:1        D. 5:55:1

 

 

Related Quizzes:

  1. Commerce Practice Tests – Home and Foreign Trade (Questions with Answers and Explanations) Commerce Practice Tests – Home and Foreign Trade (Questions with...
  2. Commerce Practice Test – Legal Aspect of Business (Questions with Answers and Explanations) Commerce Practice Test – Legal Aspect of Business (Questions with...
  3. Commerce Practice Test – Insurance (Questions with Answers and Explanations) Commerce Practice Test – Insurance (Questions with Answers and Explanations)...
Categories: Commerce Practice Test
Tags:

Related Posts

Commerce Practice Test

Commerce Practice Test – Insurance (Questions with Answers and Explanations)

Commerce Practice Test – Insurance (Questions with Answers and Explanations)     Related Quizzes: Commerce Practice Tests – Home and Foreign Trade (Questions with Answers and Explanations) Commerce Practice Tests – Home and Foreign Trade Read more…

Commerce Practice Test

Commerce Practice Test – Legal Aspect of Business (Questions with Answers and Explanations)

Commerce Practice Test – Legal Aspect of Business (Questions with Answers and Explanations)     Related Quizzes: Commerce Practice Tests – Home and Foreign Trade (Questions with Answers and Explanations) Commerce Practice Tests – Home Read more…

Commerce Practice Test

Commerce Practice Tests – Home and Foreign Trade (Questions with Answers and Explanations)

Commerce Practice Tests – Home and Foreign Trade (Questions with Answers and Explanations)     Related Quizzes: Commerce Practice Test – Legal Aspect of Business (Questions with Answers and Explanations) Commerce Practice Test – Legal Read more…

error: Content is protected !!