Business Units - Jamb Commerce Past Questions and Answers

Question 116:

• JAMB 2008

A document which gives a legal status to a company is the certificate of?

A. Incorporation
B. Trading
C. Commencement of business
D. Business registration

Question 117:

• JAMB 2008

A proposed company may not be registered if?

A. The name conficits with that of another
B. It does not put 'limited' after its proposed name
C. It has no paid-up capital
D. It has no asset of its own

Question 118:

• JAMB 2008

An example of a cartel is?

A. OPEC
B. ECOWAS
C. AU
D. EU

Question 119:

• JAMB 2008

The practice whereby government relinquishes its ownership interest in a public enterprises is?

A. Commercialization
B. Indegenization
C. Privatization
D. Nationalization

Question 120:

• JAMB 2009

One of the major problems of a sole proprietor is sourcing for?

A. Raw materials
B. Labour
C. Machineries
D. Funds