Business Units - Jamb Commerce Past Questions and Answers

Question 76:

• JAMB 2001

Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

A. Distress
B. Closure
C. Bankruptcy
D. Liquidation

Question 77:

• JAMB 2001

One major characteristic of credit unions and thrift societies is that?

A. The legal processes involved in their formation are rigid
B. Membership is compulsory to people in the same line of business
C. The contribution of every member depends on the member's ability
D. A minimum of ten people in the same line of business can form the union

Question 78:

• JAMB 2001

Use the information below to answer 38 and 39.
Companies i, ii, iii and iv produce and sell electronic videos.
Company i, sells video for N14,000 each and offers advice on how to fix and operate them .
Company ii, sells at N14,000 and its representatives go to install at no additional cost.
Company iii, sells at N15,500 and offers credit sales at N15,000 each.
Which of these companies are more engaged in public activities?

A. I and ii
B. I and iii
C. Ii and iv
D. Iii and iv

Question 79:

• JAMB 2001

Which of these companies offers after-sales services?

A. Iv
B. Iii
C. Ii
D. I

Question 80:

• JAMB 2001

The maximum number of shareholders in a public liability company is?

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