Jamb Commerce 2008 Past Questions and Answers

Question 11:

• JAMB 2008

A proposed company may not be registered if?

A. The name conficits with that of another
B. It does not put 'limited' after its proposed name
C. It has no paid-up capital
D. It has no asset of its own

Question 12:

• JAMB 2008

An example of a cartel is?

A. OPEC
B. ECOWAS
C. AU
D. EU

Question 13:

• JAMB 2008

The cheapest source of funds available to a company is through?

A. The sale of shares
B. Retained profits
C. The sale of bonds
D. Lease financing

Question 14:

• JAMB 2008

Use the information below to answer question 14 and 15.
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.
What is the company's reserve share capital?

A. N2500 000
B. N4000 000
C. N5000 000
D. N2000 000

Question 15:

• JAMB 2008

The components of capital employed in a business are?

A. Owners' equity and long-term debts
B. Total assets and current liabilities
C. Share capital and long-term debts
D. Share capital and current liabilities