Jamb Commerce 2011 Past Questions and Answers

Question 26:

• JAMB 2011

When two or more companies agree to execute a project too large for one to handle, this is referred to as?

A. An amalgamation
B. A cartel
C. A merger
D. A consortium

Question 27:

• JAMB 2011

In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the?

A. Directors
B. Creditors
C. Promoters
D. Court

Question 28:

• JAMB 2011

A source of business financing which involves pledging of a specific assets is?

A. Bond
B. Mortage
C. Debentures
D. Loan

Question 29:

• JAMB 2011

An example of a trade association is?

A. ALGON
B. NLC
C. NURTW
D. NULGE

Question 30:

• JAMB 2011

A broker is an agent who links a potential investor with?

A. A shareholder who wants to register a company
B. Other members of the exchange who want to trade
C. Governement official on the exchange
D. A quoted company