Jamb Commerce Past Questions and Answers

Question 656:

• JAMB 2005

One of the disadvantages of a sole proprietorship is?

A. Secrecy of annual reports
B. Pride of ownership
C. Limited liability
D. Unlimited liability

Question 657:

• JAMB 2005

The most important concept on production is?

A. Utility
B. Wealth creation
C. Transformation
D. Distribution

Question 658:

• JAMB 2005

An acquired firm in a merger will always receive a?

A. Premium
B. Grant
C. Share
D. Discount

Question 659:

• JAMB 2005

Occupations are classified into?

A. Production, labour and economics
B. Extraction, construction and manufacturing
C. Industry, commerce and serves
D. Trade, aids to trade and serivices

Question 660:

• JAMB 2005

The Nigerian Telecommunications Limited is a?

A. Jointly owned company
B. Public corpoation
C. Privately owned company
D. Public company