Jamb Commerce 2009 Past Questions and Answers

Question 26:

• JAMB 2009

One of the major problems of a sole proprietor is sourcing for?

A. Raw materials
B. Labour
C. Machineries
D. Funds

Question 27:

• JAMB 2009

In a public limited liability company, planning is carried out by?

A. The chairman of the board
B. The board of directors
C. Shareholders
D. Employees

Question 28:

• 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 29:

• 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 30:

• 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