Business Units - Jamb Commerce Past Questions and Answers

Question 71:

• JAMB 2000

The main difference between nationalization and indigenization is in terms of

A. Shareholding
B. Profit
C. Technology
D. Efficiency

Question 72:

• JAMB 2001

The partner that only contributes part of the capital used in the formation and running of a business is known as?

A. A passive partner
B. An active partner
C. A dormant partner
D. A nominal partner

Question 73:

• JAMB 2001

One major advantage of a credit and thrift cooperative is that

A. It can approach government for loan
B. It encourages saving habit
C. There are no legal restrictions
D. Each member has a vote during meetings

Question 74:

• JAMB 2001

A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?

A. Joint partnership
B. Cooperative
C. Corperation
D. Joint venture

Question 75:

• JAMB 2001

At the collapse of a business enterprise, the person appointed to dispose of all assets is called

A. A broker
B. An auctioneer
C. A liquidator
D. An auditor