Business Units - Jamb Commerce Past Questions and Answers

Question 106:

• JAMB 2006

A liquidator's fee is to be charged to the?

A. Realization account
B. Trading account
C. Revaluation account
D. Reconstruction account

Question 107:

• JAMB 2006

A feature common to privatization and commercialization is?

A. Profit-making
B. Credit sales
C. Market expansion
D. Price increases

Question 108:

• JAMB 2006

The most important advantage of privatization is the enhancement of?

A. Liquidity
B. Accountantability
C. Profitability
D. Efficiency

Question 109:

• JAMB 2007

Citizens are against privatization mainly because of?

A. The rationalization of organizations
B. Increased prices of goods and services
C. The likelihood of monopoly
D. Ineffective management

Question 110:

• JAMB 2007

A Memorandum of Association is applicable to a?

A. Sole trader
B. Joint company
C. Partnership
D. Public corporation