Jamb Commerce 2002 Past Questions and Answers

Question 31:

• JAMB 2002

A wholesaler who possesses the title of goods he sells is known as?

A. A merchant wholesaler
B. A multiple wholesaler
C. A general wholesaler
D. An agent wholesaler

Question 32:

• JAMB 2002

An important principle of a good organization structure is

A. Ideal standard
B. Span control
C. Clarity of mission
D. Adequacy resources

Question 33:

• JAMB 2002

A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a?

A. Public liability company
B. Joint venture company
C. Limited company
D. Registered company

Question 34:

• JAMB 2002

A contract for the sale of goods involved the?

A. Producer, seller and the buyer of goods
B. Offering of goods to customers
C. Transfering of the title to goods for money
D. Exchange of goods

Question 35:

• JAMB 2002

the total of share capital which a company should be allowed to issued is known as?

A. Called-up capital
B. Paid-up capital
C. Nominal capital
D. Issued capital