Business Units - Jamb Commerce Past Questions and Answers

Question 56:

• JAMB 1998

Which of the following is a disadvantage of nationalization

A. It promotes poor economic planning
B. The cost of services is not determined by by market forces
C. It may lead to rationalization of resources
D. The development of local skills and technologyis retarded

Question 57:

• JAMB 1998

The main function of thrift, credit and loans co-operative societies is to

A. Educate their members
B. Collect money from their members
C. Disburse money to their members
D. Raise investment finance among thir members

Question 58:

• JAMB 1998

EXTERNAL ENVIRONMENT INTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT
Which of the following sequences can best fit into the structure above?

A. People control ideals
B. Material production ideas
C. Finance marketing production
D. Material production product

Question 59:

• JAMB 1999

A common requirement for public and private limited companies in Nigeria is that

A. A shareholder cannot transfer his shares to someone else without permission from other shareholders
B. Their annual account are made available to the Corporate Affairs Commision
C. Shares can be offered for sale on the stock exchange
D. Shares can be offered for sale through an issuing house

Question 60:

• JAMB 1999

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of

A. Vertical integration
B. Horizontal integration
C. Forward intergration
D. Backward integration