Correct Answer: A) ex-dividend

Explanation

When a share is ex-dividend, it means that the buyer is not entitled to the next dividend payment. This is because the seller of the share has already been paid the dividend. Therefore, the share is temporarily suspended from receiving the next dividend payment.

On the other hand, when a share is cum-dividend, it means that the buyer is entitled to the next dividend payment. This is because the seller of the share has not yet been paid the dividend. Therefore, the share is not suspended from receiving the next dividend payment.

Bonds and stocks are different types of securities that can be bought and sold in the financial markets. Bonds are debt securities, while stocks are equity securities. However, neither of these options applies to the question being asked.

In summary, the correct answer to this Commerce question is A) ex-dividend, which indicates that a share is temporarily suspended from receiving the next dividend payment.

Correct Answer: D) II and III only

Explanation

Statement I: Companies must be registered as private limited liability companies. This means that in order to be admitted into the second-tier securities market, a company must be registered as a private limited liability company. This statement is about the legal structure of the company.

Statement II: Companies must have not less than 100 shareholders. This means that a company must have at least 100 shareholders to be eligible for admission into the second-tier securities market. This statement is about the number of shareholders a company must have.

Statement III: No shareholder may have more than 75% of issued share capital. This means that no single shareholder can own more than 75% of the total shares of the company. This statement is about the ownership distribution of the company.

From the given options, Option D: II and III only, is the correct answer. This means that the requirements for admission into the second-tier securities market are that a company must have not less than 100 shareholders and no shareholder may have more than 75% of the issued share capital.

It's important to note that Statement I is not a requirement for admission into the second-tier securities market, as it is not mentioned in the correct option.

Correct Answer: C) Companies and Allied Matters Decree, 1990

Explanation

This legislation is important because it provides a legal framework for the registration, regulation, and management of companies in Nigeria. It covers various aspects of company operations, such as company formation, corporate governance, mergers and acquisitions, and insolvency. It also protects the interests of shareholders, creditors, and other stakeholders in the business.

The Companies and Allied Matters Decree, 1990, has been instrumental in promoting a favorable business environment in Nigeria, attracting investments, and facilitating economic growth. It ensures transparency, accountability, and fairness in business transactions.

It is important for Commerce students to understand the key legislation that governs business activities in their country, as it affects how businesses operate and the rights and responsibilities of different stakeholders.

To learn more about this, please read the relevant sections of the recommended textbooks.

Correct Answer: C) Nigeria Deposit Insurance Corporation

Explanation

The correct option in this case is Option C: Nigeria Deposit Insurance Corporation (NDIC).

The NDIC is a government agency in Nigeria that is responsible for protecting depositors and insured institutions in the event of a bank failure. When a bank is distressed and facing financial difficulties, the NDIC may step in to take over the bank's assets, liabilities, and general management. This is done to ensure the stability of the banking system and protect depositors' funds.

The International Bank for Reconstruction and Development (Option A) is a global financial institution that provides loans and grants to developing countries for development projects. It does not specifically deal with distressed banks.

The Nigerian Industrial Development Bank (Option B) is a development finance institution that provides financial support to industrial projects in Nigeria. It does not have the mandate to take over distressed banks.

The Nigerian Bank for Commerce and Industry (Option D) is not a recognized institution, so it is not a valid option in this case.

In summary, when a bank is in distress, the Nigeria Deposit Insurance Corporation (NDIC) can step in to take over the bank's assets, liabilities, and general management. This is done to protect depositors and ensure the stability of the banking system.

Correct Answer: A) balance of payments

Explanation

The correct answer is Option A: balance of payments.

Balance of payments is a term used in commerce to refer to the record of all financial transactions made between one country and the rest of the world over a specific time period. It includes both the payments made for imports (goods and services bought from other countries) and the receipts from exports (goods and services sold to other countries).

By calculating the balance of payments, a country can determine whether it has a surplus or a deficit in its international transactions. A surplus means that the country is receiving more money from exports than it is spending on imports, while a deficit means that the country is spending more on imports than it is earning from exports.

It is important for a country to monitor its balance of payments to understand its economic position in relation to other countries and to make informed decisions regarding its trade policies and exchange rates.

In summary, the term used to describe the difference between the total payments for imports and the receipts from exports within a given period is called the balance of payments. It helps countries understand their economic position in the global market.

Correct Answer: C) political environment

Explanation

Administrative sub-divisions of a country refer to the different regions, states, provinces, or districts within a country that have their own local governments and administrative structures. These divisions help to ensure that the country is effectively governed and that services are provided to its citizens at the local level.

Therefore, the existing system of governance and the administrative sub-divisions of a country are described as part of the political environment. This means that they are related to the political systems, processes, and structures that determine how a country is governed.

To learn more about this, please read the relevant sections of the recommended textbooks.

Correct Answer: C) N9.35 million

Explanation

No explanation is available for this question at this moment. If you can provide an explanation to help other student learn, please click on the post explanation link below.

Correct Answer: B) 33.3%

Explanation

No explanation is available for this question at this moment. If you can provide an explanation to help other student learn, please click on the post explanation link below.

Correct Answer: B) issued by a shipping company giving details of charges

Explanation

It is important for Commerce students to understand the different types of documents used in international trade. Freight notes are just one type of document that is used to facilitate the movement of goods from one country to another. Other documents include bills of lading, customs declarations, and invoices. These documents are used to ensure that goods move smoothly through the international trade system and that all parties involved in the transaction are clear about their responsibilities. Understanding these documents is essential for anyone who wants to work in international trade.

To learn more about freight notes and other documents used in international trade, Commerce students should read their textbooks and consult other reliable resources. It is important to have a thorough understanding of these documents in order to succeed in the field of commerce.

Correct Answer: D) raise investment finance among their members

Explanation

The main function of thrift, credit, and loans co-operative societies is to raise investment finance among their members. This means that these societies help their members to pool their money together and invest it in various business ventures. By doing this, the co-operative societies enable their members to access funds and participate in investment activities that they may not be able to do individually. Thrift, credit, and loans co-operative societies work by collecting money from their members, which is referred to as thrift. This money is then used to provide loans and credits to members who need financial assistance for various purposes such as starting a business, buying a house, or paying for education. The co-operative societies also disburse the money to their members, meaning that they distribute the funds to the individuals who have been approved for loans or credits. In addition to providing financial services, thrift, credit, and loans co-operative societies also educate their members. They offer training and information on financial management, investment opportunities, and other related topics. This education helps members to make informed decisions about their finances and investments. Therefore, the correct option is D: raise investment finance among their members. This reflects the primary role of thrift, credit, and loans co-operative societies in facilitating investment activities and providing financial services to their members. Note: The answer may be wrong or the question incorrect given the options. The other options mentioned, such as educating members, collecting money, and disbursing money, are also important functions of thrift, credit, and loans co-operative societies. However, the primary function is to raise investment finance among their members.