Question 4191:

For the establishment of a powerful consumers' association in Nigeria to exist. there must be ____________

A. Financial and moral support from the public
B. Honest and committed leadership
C. Allocation of goods from the producer
D. Freedom from external influence

Question 4192:

If a partnership deed is silent on how profits are to be shared. partnerships share profits ____________

A. In a ratio of the value of business secured by each partner for the partnership
B. In the ratio of proportions capital contributions
C. In an equal proportion. irrespective of partners' capital contributions
D. According to duties performed by each partner

Question 4193:

One of the implications of the incorporation of a company is that ____________

A. It is more difficult for the company to raise loans
B. The company can sue bit cannot be sued
C. The company's property becomes distinguished from that of its members
D. Its members become liable for all the debt of the company

Question 4194:

Rights issue means the ____________

A. Issue of shares to the directors of a company on favourable terms
B. Issue of shares by a company only to the founders of the company
C. Right of shareholders 10 vote on any issue
D. Issue of shares to shareholders on favourable terms

Question 4195:

Motivation is an essential element in management because it ____________

A. Leads to the improvement of staff welfare
B. Encourages individuals to work towards achieving organization's objectives
C. Reduces friction among employees in the process of achieving the organization's objectives
D. Helps to eliminate industrial disharmony