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2926
Trade may be defined as
  • A. buying and selling of goods
  • B. buying and selling of goods and services
  • C. distribution goods
  • D. production of goods
  • E. selling of goods and services
View Answer & Discuss NECO 2004
2927
In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.
  • A. allotted
  • B. called up
  • C. paid for
  • D. uncalled up
  • E. unpaid for
View Answer & Discuss NECO 2004
2928
The full amount of capital which a company is authorized to raise is stated in the
  • A. articles of association
  • B. certificate of incorporation
  • C. certificate of trading
  • D. memorandum of association
  • E. share certificate
View Answer & Discuss NECO 2004
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2929
In a private limited liability company shares can be transferred
  • A. at the end of a financial year
  • B. by applying to the registrar of companies
  • C. without consulting other shareholders
  • D. with the consent to other shareholders
  • E. with the consent of the managing director
View Answer & Discuss NECO 2004
2930
A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as
  • A. chambers of commerce
  • B. cooperative society
  • C. trade association
  • D. trade commissions
  • E. trade union
View Answer & Discuss NECO 2004
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