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4011

The type of communication from a superior to a subordinate in an organization is referred to as 

  • A. downward communication
  • B. upward communication
  • C. lateral communication
  • D. horizontal communication
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4012

The excess of the assets over the liabilities of a business is called 

  • A. capital employed
  • B. net worth
  • C. working capital
  • D. initial capital
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4013

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

                                       ₦
Share capital              200,000
Reserves                    100,000
Long term liabilities     40,000
Current liabilities         30,000
                                   370,000

                                           ₦
Fixed assets                  180,000
Investment                     100,000
Current assets                50,000
Fictitious assets              40,000
                                       370,000

The total sum of financing short term projects is

  • A. ₦ 30,000
  • B. ₦200,000
  • C. ₦70,000
  • D. ₦40,000
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4014

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

                                       ₦
Share capital              200,000
Reserves                    100,000
Long term liabilities     40,000
Current liabilities         30,000
                                   370,000

                                           ₦
Fixed assets                  180,000
Investment                     100,000
Current assets                50,000
Fictitious assets              40,000
                                       370,000

What is the capital employed?

  • A. ₦ 340,000
  • B. ₦ 200,000
  • C. ₦ 300,000
  • D. ₦ 170,000
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4015

A distinctive advantage of GSM is its

  • A. cost
  • B. stability
  • C. coverage
  • D. mobility
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