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Commerce 2005 NECO Past Questions

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31
Which of the following forms part of a company’s Article of Association?
  • A. Goodwill and status of shareholders
  • B. Name of the company
  • C. Nature and object of the business
  • D. Registered office
  • E. Voting powers and the use of proxy
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32
Which of the following types of insurance is usually excluded from the principle of indemnity?
  • A. Fidelity Guarantee
  • B. Fire
  • C. Life
  • D. Marine
  • E. Motor Vehicle
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33
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
  • A. discount
  • B. gain
  • C. loss
  • D. par value
  • E. premium
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34
The document that spells out the relationship of a company with the outside world is known as
  • A. article of association
  • B. certificate of incorporation
  • C. deed of partnership
  • D. document of registration
  • E. memorandum of association
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35
The aid to trade which enables producer and consumer to transact business without physical contact is known as
  • A. advertising
  • B. communication
  • C. insurance
  • D. tourism
  • E. transportation
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