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WorksheetsPublic Corporation, Stock and Debentures
Total questions: 25
Worksheet time: 21mins
Dividends are_____?
Money shareholders lose in stock.
Money shareholders pay to buy stock.
Stock that splits.
Money shareholders received from stock profits.
What is a Stock
Car
Animals
the capital raised by a business or corporation through the issue and subscription of shares,
Used in cooking
Shareholders run the business
TRUE
FALSE
Shareholders run the business
TRUE
FALSE
What are the characteristics of a corporation?
Seperate legal entity
Perpetual succession
Mutual agency
Limited liability
Which of the following comes under the category of owner’s funds:
Equity shares
Retained earning
Both Equity & retained earning.
None of the above
Preference shares and debentures comes under the category of:
Short term funds
External source of funds
Long term funds
Both external source of funds & long term funds.s
The funds which are required to purchase land, building and furniture comes under:
Fixed capital requirement
Working capital requirement
Further capital requirement
Finance capital requirement
What do you mean by business finance:
It is the requirement of funds by a business to carry out its various activities.
It is the requirement of profits by business to carry out its various activities.
It is the requirement of liabilities by a business to carry out its various activities.
It is the requirement of customers by business to carry out its various activities.
_________is called the lifeblood of any business enterprise:
Profit
Loss
Finance
Assets
Which one of the following is not the feature of preference shares:
Provides fixed rate of return
Provides voting rights
Get Preference over equity shares
Part of owner’s capital
Retained earnings is also known as:
Residual owners of the company
Loan capital of the company
Short term capital of the company
Ploughing back of profits
Preference shareholders are called :
Partners of the company
Owners of the company
Executives of the company
Guardians of the company
All the following statements are true of cooperative societies EXCEPT
they are democratic in nature
they do not make profit
they provide goods and services to members at a reasonable price
members can pool resources either to produce goods and services or purchase consumer goods
The main objective of a public corporation is
make profit
control every industry
issue shares and debentures to the general public
carry out operations for the welfare of the people
All the following are advantages of public enterprises EXCEPT
embezzlement of funds by officials
it takes care of essential projects of large capital requirement
it provides employment
production cost is low and goods and services produced are relatively cheaper
The following are examples of public enterprises EXCEPT
Nigerian Ports Authority
Nigerian National Petroleum Corporation
Nigerian Railway Corporation
United African Company (UAC) Plc
If a public limited company wants to obtain a long-term loan from the general public, it will issue
debit note
debentures
invoice
loan vouchers
Which of the following is not an advantage of a limited company?
Continuity even if a shareholder dies
Separate existence from its owners
Exemption from paying tax to the government
Right to own assets
The letters PLC written after a company's name is called
private limited company
private liability company
public limited company
public liability company
An institution where stocks are bought and sold.
Public Market
Stock Market
Flea Market
Supermarket
An institution where stocks are bought and sold.
Public Market
Stock Market
Flea Market
Supermarket
A business that is owned by one person.
capital
corporation
sole proprietorship
share of stock
When two business enterprises agree to join together for a common objective and mutual gain. it gives rise to
(a) Partnership
(b) Joint venture
(c) Joint stock company
(d) MNC
Which one of the following is NOT a public sector undertaking?
Departmental undertaking
(b) Partnership
(c) Government companies
(d) Statutory corporation
