Jamb Commerce 2015 Past Questions and Answers

Question 41:

• JAMB 2015

Use the information below to answer this question.
Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.
what is the company authorized share authorized share capital?

A. N4,000,000
B. N5,000,000
C. N7,500,000
D. N2,500,000

Question 42:

• JAMB 2015

A bond which attracts interest but leaves the capital repaid is referred to as

A. A redeemable bond
B. An irredeemable bond
C. A development bond
D. A long-term loan

Question 43:

• JAMB 2015

The document issued to a port authority when a good are deposited is a

A. Dock warrant
B. Dock landing account
C. Ball of sight
D. Bill of landing note

Question 44:

• JAMB 2015

The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is

A. Natural Environment
B. Cultural environment
C. Economic environment
D. Demographic Environment

Question 45:

• JAMB 2015

The term 4 net 7 on an invoice means that

A. 4% surcharge will be made unless payment is made within seven days
B. 4% discount will be allowed on the price charged only if the good are bought within seven days
C. 4% discount will be allowed on the price charge if payment is made after seven days
D. 4% discount will be allowed on the price charged if payment is made price charged if payment is made price charged if payment is made within seven days.