Financing Business - Jamb Commerce Past Questions and Answers

Question 76:

• JAMB 2011

A source of business financing which involves pledging of a specific assets is?

A. Bond
B. Mortage
C. Debentures
D. Loan

Question 77:

• JAMB 2012

A business organization can obtain long term financing through

A. Bank overdraft
B. The sale of shares
C. Credit purchases
D. Bureau de change

Question 78:

• JAMB 2012

The portion of the authorized share capital given out to the public for subscription is

A. Called-up capital
B. Issued capital
C. Paid-up capital
D. Reserved capital

Question 79:

• JAMB 2012

A company has an authorized capital of 40 million shares at N1 each, out of which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?

A. It has been issued but not paid-up
B. It has been applied for but not issued
C. It is not paid-up
D. It has not yet been issued

Question 80:

• JAMB 2012

Given:
opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500
calculate the value of the unused stock.

A. #800
B. #500
C. #350
D. #320