Question 596:

• JAMB 1982

Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?

A. Debentures
B. Preference shares
C. Ordinary shares
D. Participating preference shares
E. Old shares

Question 597:

• JAMB 1982

A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?

A. Profit maximization
B. Large-scale production
C. A wind fall
D. Government subsidies
E. Economies of scale

Question 598:

• JAMB 1982

Who controls a limited liability company ?

A. The general manager
B. The managing director
C. The owner of 51% of shares
D. The board of directors
E. The government

Question 599:

• JAMB 1982

The National Electric Power Authority (NEPA) is a?

A. Public limited company
B. Public liability company
C. Private authority
D. Public corporation
E. Federal government authority

Question 600:

• JAMB 1982

Which one of the following functions of banks in Nigeria is reserved to the Central Bank?

A. Accepting deposits
B. Serving as agents for payments
C. Issuing bank-notes
D. Lending to customers
E. Purchasing and selling of stock exchange securities