Jamb Commerce 2021 Past Questions and Answers

Question 36:

• JAMB 2021

The main advantage of a sole trader is the freedom to?

A. Employ anyone he likes
B. Take quick decision
C. Seek advise from any source
D. Plough all the profits

Question 37:

• JAMB 2021

The major objective of corporate mergers is to?

A. Minimize the effect of taxation
B. Increase financial advantage
C. Enhance economies of sale
D. Facilitate profit maximization

Question 38:

• JAMB 2021

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

A. Pre-emptive right
B. Over-subscription right
C. Ex-dividend right
D. Shareholders right

Question 39:

• JAMB 2021

The conversion of raw materials into finished products creates

A. Form utility
B. Time utility
C. Marginal utility
D. Place utility