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5Points Quiz

Financial statement analysis is used

        A.   Definitive purpose

        B.   it is for comparative analysis to be made within (intra) and between (inter) the industry.

        C.   Information purpose

        D.   Staff appraisal purpose.

Answer: D

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What is a Financial Statement?

        A.   It is a statement of receipts and payments of an organisation.

        B.   It is a statement that records financial activities of a particular business organisation.

        C.   It is the annual statement of prepared by externalauditors.

        D.   It is those books of account kept by the Accountant.`

Answer: B

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What is the main function of the Securities and Exchange Commission?

        A.   It is the apex regulatory organisation for the Nigerian capital market.

        B.   It is a branch of the Nigerian Stock Exchange.

        C.   It is an armof the NationalAssembly of Nigeria.

        D.   It is the apex regulatory organisation for all security outfits in Nigeria.

Answer: A

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What is the Nigerian CapitalMarket called?

        A.   Securities and Exchange Commission.

        B.   Nigerian Security Market

        C.   Nigerian Stock Exchange

        D.   Nigerian Security Exchange.

Answer: C

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What is the Capital market?

        A.   It is market for selling and buying capital projects.

        B.   It is a market for capital commodities.

        C.   It is normal market for all-purpose trading.

        D.   It is the meeting point for investors (lenders) and firms (borrowers).

Answer: D

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What is meant by the cost structure of the business organization?

        A.   The mix of production and marketing costs.

        B.   The mix of fixed and variable costs.

        C.   Total cost of capital.

        D.   Cost of changing the organisational structure.

Answer: B

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