Jamb Commerce Past Questions and Answers

Question 961:

• JAMB 2011

One of the major disadvantages of pipeline transportation is its?

A. High cost of construction
B. Limitation in scope
C. Vulnerability to climate changes
D. High maintainance cost

Question 962:

• JAMB 2011

The business organization that can effectively combine management with control is?

A. Private limited liability company
B. Sole proprietorship
C. Public limited liability company
D. Co-operation society

Question 963:

• JAMB 2011

When two or more companies agree to execute a project too large for one to handle, this is referred to as?

A. An amalgamation
B. A cartel
C. A merger
D. A consortium

Question 964:

• JAMB 2011

In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the?

A. Directors
B. Creditors
C. Promoters
D. Court

Question 965:

• JAMB 2011

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

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