Business Units - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 1994

Which of the following is both direct and indirect credit enterprise?

A. A co-operative and thrift society
B. Retail co-operative society
C. Consumer co-operative society
D. Wholesaler co-operative society

Question 7:

• JAMB 1994

Which of the following must be present in an agency by agreement?

A. Intentions
B. Will
C. Consent
D. Authority

Question 8:

• JAMB 1994

Nationalization of an industry means that its ownership becomes that of

A. Government
B. Shareholders
C. Taxpayers
D. Indigenes

Question 9:

• JAMB 2019

A partnership may be automatically dissolved due to the following factors except________

A. Court verdict
B. Joint decision
C. Admission of new partners
D. Bankruptcy of a partner

Question 10:

• JAMB 2019

One of the disadvantages of Sole Proprietorship is__________

A. It requires small operations
B. It involves small capital
C. It lacks specialization
D. Grants from government