Business Units - Jamb Commerce Past Questions and Answers

Question 111:

• JAMB 2007

A major advantage of a cooperative society is that it?

A. Gives members the opportunity to unite
B. Draws members closer to government
C. Promotes awareness among members
D. Encourages thirft among members

Question 112:

• JAMB 2007

A document which advertise the shares of a company is known as a?

A. Memorandum of satisfaction
B. Dividend warrant
C. Deed
D. Prospectus

Question 113:

• JAMB 2007

A major criticism of a cooperative society is?

A. Limited capital
B. Granting exceessive loans to members
C. Selling goods on credit to non-members
D. Management incompetence

Question 114:

• JAMB 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

A. Subscriptions
B. Total savings
C. Volume of purchase
D. Contributions

Question 115:

• JAMB 2008

The promotion of savings culture is a feature of a?

A. Trade association
B. Consumers' cooperative society
C. Thirft cooperative society
D. Business association