Business Units - Jamb Commerce Past Questions and Answers

Question 86:

• JAMB 2002

A group of companies is a collection of?

A. Subsidiaries and their holding company
B. Firms
C. Associates and their holding company
D. Industries

Question 87:

• JAMB 2003

In the event of the liquidation of a company, the first to be settled are?

A. Debenture holders
B. Members of the board
C. Preference shareholders
D. Ordinary shareholders

Question 88:

• JAMB 2003

The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?

A. Joint venture
B. Cooperative society
C. Partnership
D. Company

Question 89:

• JAMB 2003

The location of a business is mostly influenced by?

A. Market outlet
B. Management decision
C. Capital
D. Environment

Question 90:

• JAMB 2003

One of the requirements necessary for setting up a business is?

A. Registration
B. Advertisement
C. Knowledge of the business
D. Documentation