Business Units - Jamb Commerce Past Questions and Answers

Question 61:

• JAMB 1999

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

A. Been issued but have not been paid-up
B. Been applied for but not issued
C. Not been paid-up
D. Not yet been issued

Question 62:

• JAMB 1999

A business whose owners enjoys loan facilities on the basis of personal goodwill is a?

A. Commercial bank
B. Thrift society
C. Co-operative society
D. Community bank

Question 63:

• JAMB 1999

Which of the following is not a veritable source of funds to a public limited company?

A. Government financial grant
B. Advances and loan from banks
C. Internally generated funds
D. Funds from the sale of shares

Question 64:

• JAMB 1999

The process of bringing a company under exclusive state ownership and control is know as

A. Nationalization
B. Commercialization
C. Indigenization
D. Privatization

Question 65:

• JAMB 1999

One major disadvantage of a cartel is that it

A. Maximizes productive efficiency
B. Brings the merging firms under control
C. Maximizes profit from operation
D. Eliminate competitions and waste