Business Units - Jamb Commerce Past Questions and Answers

Question 121:

• JAMB 2009

In a public limited liability company, planning is carried out by?

A. The chairman of the board
B. The board of directors
C. Shareholders
D. Employees

Question 122:

• JAMB 2009

Partnerships are most effective where?

A. The partners are family friends
B. Professionals are involved
C. Members can easily raise enough capital
D. Government regulations are favorable

Question 123:

• JAMB 2009

The type of partnership in which all partners are jointly liable in bearing risk is?

A. Limited partnership
B. Partnership-at-will
C. Ordinary partnership
D. Industral partnership

Question 124:

• JAMB 2010

One of the main features of a partnership is?

A. Limited liability
B. Lack of corporate existence
C. Unlimited membership
D. Lack of utual confidence

Question 125:

• JAMB 2010

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

A. Trust
B. Integration
C. Syndicate
D. Cartel