Forms and features - Jamb Commerce Past Questions and Answers

Question 51:

• JAMB 2015

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

A. Partnership
B. Company
C. Joint venture
D. Co-operative society

Question 52:

• JAMB 2015

The difference between a private are public limited liability company is that the former

A. Is unable to declare and pay dividend.
B. Has a higher number of share holder
C. Is unable to offer shares to the public.
D. Pays higher salaries to its member

Question 53:

• JAMB 2017

The process of converting a non-profit making organisation to a profit-making business is ________?

A. Indigenisation
B. Privatisation
C. Deregulation
D. Commercialisation

Question 54:

• JAMB 2017

Water corporation is an example of ______?

A. Co-operative society
B. Public enterprise
C. Private enterprise
D. Limited company

Question 55:

• JAMB 2017

The business unit that applies the principle of one man, one vote is ______

A. Sole proprietorship
B. Partnership
C. Public company
D. Co-operative society