Question 611:

• JAMB 2004

Authorized share capital is also known as?

A. Called-up share capital
B. Paid-up share
C. Registered share capital
D. Issued share capital

Question 612:

• JAMB 2004

An action taken by a company outside its object clause is regarded as?

A. Ultra vires
B. A trespass
C. Uberrima fides
D. Caveat emptor

Question 613:

• JAMB 2004

The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?

A. Rejuvenation
B. Focus
C. Diversification
D. Consolidation

Question 614:

• JAMB 2004

A written partnership contract is known as?

A. An invoice
B. A deed
C. A prospectus
D. A proposal

Question 615:

• JAMB 2004

A group of assets which a business acquires with the intention of reselling them are referred to as?

A. Current assets
B. Investment assets
C. Fixed assets
D. Intangible assets