Post Utme Obafemi Awolowo University Commerce Past Questions and Answers

Question 6:

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 7:

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 8:

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 9:

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

Question 10:

Which of the following sets of itens was used for exchange in Nigeria before money was introduced?

A. Cowries. iron rods, brass rods and copper wires
B. Iron rods. copper rods, inanila and cowries
C. Cowries, manila, brass rods and copper wires
D. Copper wires. brass wires, cowries and irons rods