Question 866:

• JAMB 2009

Partnerships are most effective where?

A. The partners are family friends
B. Professionals are involved
C. Members can easily raise enough capital
D. Government regulations are favorable

Question 867:

• JAMB 2009

The type of partnership in which all partners are jointly liable in bearing risk is?

A. Limited partnership
B. Partnership-at-will
C. Ordinary partnership
D. Industral partnership

Question 868:

• JAMB 2009

The financial instrument that entitles the holder to receive dividend and capital gains is a?

A. Share
B. Bond
C. Bill of exchange
D. Treasury bill

Question 869:

• JAMB 2009

The circulating capital of a business enterprise is classified into?

A. Cash, work-in-progress and debtors
B. Cash,vehicles, land and buildings
C. Debtors , stock of raw materials and fittings
D. Pre-payments, debtors and equipment

Question 870:

• JAMB 2009

if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?

A. 30.5%
B. 20.5%
C. 20.0%
D. 10.0%