Forms and features - Jamb Commerce Past Questions and Answers

Question 56:

• JAMB 2018

One of the major problems of a sole proprietor is sourcing for

A. Funds
B. Labour
C. Raw materials
D. Machineries

Question 57:

• JAMB 2018

From which of the following sources can partnership increase their capital?

A. Sales of shares
B. Admission of new partners
C. Discharge of mortgage
D. Grants from relatives

Question 58:

• JAMB 2018

The maximum number of shareholders in a public liability company is

A. One hundred
B. Unlimited
C. Fifty
D. Twenty

Question 59:

• JAMB 2018

In a public limited liability company, planning is carried out by

A. Employees
B. The chairman of the board
C. Shareholders
D. Manufacturer’s warehouse

Question 60:

• JAMB 2018

The business organisation in which shareholders have equal votes is?

A. Sole proprietorship
B. Partnership
C. Cooperative
D. Limited liability company