Financing Business - Jamb Commerce Past Questions and Answers

Question 51:

• JAMB 2004

Sources of finance to a business include personal savings, share, debentures and?

A. Loans from IMF
B. Bank overdraft
C. Central bank loans
D. Money from political parties

Question 52:

• JAMB 2004

A group of assets which a business acquires with the intention of reselling them are referred to as?

A. Current assets
B. Investment assets
C. Fixed assets
D. Intangible assets

Question 53:

• JAMB 2004

Authorized share capital is also known as?

A. Called-up share capital
B. Paid-up share
C. Registered share capital
D. Issued share capital

Question 54:

• JAMB 2004

A group of assets which a business acquires with the intention of reselling them are referred to as?

A. Current assets
B. Investment assets
C. Fixed assets
D. Intangible assets

Question 55:

• JAMB 2005

A business firm that is involved in conveying goods or people is known as a?

A. Consignor
B. Commercial firm
C. Carrier
D. Transporter