Financing Business - Jamb Commerce Past Questions and Answers

Question 56:

• JAMB 2005

The excess of the assets over the liabilities of a business is called?

A. Working capital
B. Net worth
C. Capital employed
D. Initial capital

Question 57:

• JAMB 2005

The fixed and current assets of a business are called?

A. Called up capital
B. Capital employed
C. Paid-up capital
D. Authorized capital

Question 58:

• JAMB 2006

Capital to a business is technically?

A. An expense
B. Availiability of local market
C. An assets
D. A porfit

Question 59:

• JAMB 2006

Consumerism aims at protecting the consumer from?

A. Harmful products
B. Drug addiction
C. Smoking cigarettes
D. Alcohol consumption

Question 60:

• JAMB 2006

The total sum for financing short term projects is

A. N 40 000
B. N 30 000
C. N 200 000
D. N 70 000