Jamb Commerce Past Questions and Answers

Question 1011:

• JAMB 2012

The most important business objective is to

A. Improve investments
B. Provide quality products
C. Target consumers for satisfaction
D. Carve a niche for the business

Question 1012:

• JAMB 2012

In case of a liquidation of a public limited liability company, those that are first paid are

A. Ordinary shareholders
B. Prefernce shareholders
C. Cumulative preference shareholders
D. Debenture holders

Question 1013:

• JAMB 2012

A feature common to public and private limited liability companies is that

A. Both can sue and be sued
B. The minimum number of their shareholders is five
C. The transfer of their shares is not restricted
D. Their annual accounts are published for public use

Question 1014:

• 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 1015:

• 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