Jamb Commerce 2000 Past Questions and Answers

Question 6:

• JAMB 2000

Which of these is both merit and demerit in partnership?

A. The number of partners
B. It unlimited nature
C. The bearing of risk
D. The withdrawal of a major partner

Question 7:

• JAMB 2000

The measure of independence available to the individual business unit that come together is the main different between

A. Veritcal and horizontal integration
B. Mergers and acquisition
C. Consortium and almalgamation
D. Trust and cartel

Question 8:

• JAMB 2000

Government policies relating to the establishment and operation of business are targeted at

A. Increasing the profit of business owners
B. The general improvement of the economy
C. Even spread of facilities and employment
D. Diversification and expansion of business

Question 9:

• JAMB 2000

On liquidation of a public limited liability company, the residual owners are the

A. Creditors
B. Ordinary shareholders
C. Preference shareholders
D. Debenture holders

Question 10:

• JAMB 2000

Bank overdraft as a short term source of fund is

A. An overdrawn account
B. Granted to a newly opened account
C. Repayable after more than a year
D. A current liability