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1661

In order to increase the capital owned, a sole trader may

  • A. seek for bank loan
  • B. issue debentures
  • C. acquire extra shop fittings on credit
  • D. draw less of his profit for personal use
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1662

A business partner who provides capital but abstains from participation in administration of a firm is a

  • A. general partner
  • B. nominal partner
  • C. secret partner
  • D. dormant partner
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1663

Which of the following will not be stated in a Memorandum of Association

  • A. Name clause
  • B. rights of shareholders
  • C. object clause
  • D. registered office
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1664

The amount of authorized capital that shareholders have subscribed to is

  • A. issued share capital
  • B. authorized share capital
  • C. owner's equity
  • D. working capital
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1665

The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?

  • A. #24,000
  • B. #46,500
  • C. #62,500
  • D. #65,000
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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